Bitcoin has seen a significant rally, reaching near $64,000, driven by favorable economic conditions in the United States. Analysts attribute this rally to positive US job market data, which has boosted investor confidence.
Moreover, there are expectations for another interest rate cut by the Federal Reserve in November, which may further stimulate growth in the cryptocurrency market. This potential rate cut suggests that the US economy is in a "Goldilocks" state, where conditions are just right to favor economic expansion without significant inflation.
