Bitcoin Surges Past $65,000 as Fed Hints at Rate Cuts

Bitcoin climbed to $65,000 on Monday, its highest level in almost three weeks, fueled by increased demand for U.S.-based exchange-traded funds (ETFs). This surge comes amid growing expectations that the Federal Reserve is poised to ease its monetary policy, potentially leading to a more favorable environment for risk assets like cryptocurrencies. The cryptocurrency has seen a recent resurgence, particularly in the wake of the recent collapse of FTX.