{"id":222,"date":"2024-09-23T19:02:12","date_gmt":"2024-09-23T19:02:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=222"},"modified":"2024-09-23T19:02:12","modified_gmt":"2024-09-23T19:02:12","slug":"5-reasons-why-bitcoin-rallied-10-in-7-days-to-63k-bernstein","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=222","title":{"rendered":"5 Reasons Why Bitcoin Rallied 10% In 7 Days To $63K: Bernstein"},"content":{"rendered":"<div>\n<p><strong>Bitcoin\u2019s <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">breakout to $64,000<\/a> has been fueled by several reasons, according to a new Bernstein analyst note.<\/p>\n<p><strong>What Happened:<\/strong> The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin\u2019s 9% seven-day spike. <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) has shown even stronger performance, up 17% on the week.<\/p>\n<ul>\n<li><strong>Rate cuts and fiscal policy:<\/strong> The <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40937057\/bitcoin-ethereum-etfs-see-over-50m-net-outflows-despite-feds-50-bps-rate-cut\">50-basis point rate cut<\/a>, and record-high gold prices have bolstered Bitcoin as an alternative asset. Bernstein notes that &#8220;Any signal of loose monetary policy and potentially weaker dollar, is positive for Bitcoin.&#8221; Year-to-date (YTD), Bitcoin is up 45%, compared to gold&#8217;s 27%.<\/li>\n<li><strong>Bipartisan crypto support:<\/strong> Both <strong>Kamala Harris<\/strong> and <strong>Donald Trump<\/strong> have signalled support for digital assets, though the crypto community seeks <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40972902\/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in\">more &#8230;<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40989601\/5-reasons-why-bitcoin-rallied-10-in-7-days-to-63k-bernstein\" alt=\"5\" reasons why bitcoin rallied in days to bernstein>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s (CRYPTO: BTC) breakout to $64,000 has been fueled by several reasons, according to a new Bernstein analyst note. What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin\u2019s 9% seven-day spike. Ethereum (CRYPTO: ETH) has shown even stronger performance, up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-222","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=222"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/222\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}