Derived from Bitcoinist, Bitcoin (BTC) surged above $92,000 following the U.S. Federal Reserve's decision to end its quantitative tightening (QT) program and Vanguard's launch of spot Bitcoin ETF trading. The Fed injected $13.5 billion into the financial system, easing monetary pressure and boosting investor confidence. Vanguard's move allowed retail investors to access Bitcoin ETFs for the first time, with BlackRock's IBIT fund recording $1 billion in trading volume within 30 minutes. The market also anticipates a 90% chance of interest rate cuts in 2025, further fueling demand for risk assets like Bitcoin.
Bitcoin Surpasses $92,000 Amid Fed's End of QT and Vanguard's ETF Launch
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