Bitcoin Nears $66K Amid Market Surge and China's Stimulus

Bitcoin's price jumps 3% as China's $278 billion stimulus and U.S. rate cuts fuel market optimism.

Bitcoin's price climbed to $65,752.96, a 1.95% increase from the previous day, marking its highest point since early August.
Spot bitcoin ETFs in the U.S. saw significant inflows of $365 million in one day, contributing to a weekly total of over $600 million.
China's massive stimulus package and recent rate cuts in both the U.S. and China are key drivers behind Bitcoin's current rally.
Ethereum also saw gains, rising 1.5% to $2,665, while the broader digital asset market experienced a 1.8% increase.
Experts predict a potential fourth-quarter rally for Bitcoin, with near-term targets set at $70,000 due to increased liquidity and favorable market conditions.