Following
what
is
now
looking
like
a
final
washout
plunge
in
the
opening
days
of
September
that
brought
the
price
down
to
the
$53,000
area,
bitcoin
has
mostly
been
in
rally
mode
since
and
finally
took
out
the
$70,000
level
minutes
ago.
A
fresh
rate-cutting
cycle
from
the
major
Western
central
banks
(except
the
Bank
of
Japan)
combined
with
sizable
monetary
and
fiscal
stimulus
out
of
China
may
or
may
not
be
the
key
catalysts
for
this
latest
bull
move.
Also
possibly
at
play
are
renewed
big
inflows
into
the
U.S.-based
spot
bitcoin
ETFs
and
the
surge
in
prediction
markets
for
the
presidential
election
chances
of
crypto-friendly
GOP
candidate
Donald
Trump.
