Markets Expecting Another 50bps Rate Cut As Bitcoin Rallies

Bitcoin (BTC) reached a fresh two-month high on Sept. 27, climbing as high as $66,194 on Bitstamp, buoyed by China’s economic stimulus measures that sent its stocks soaring. Data from Cointelegraph Markets Pro and TradingView confirmed that BTC price momentum pushed the cryptocurrency up 3% for the week. The stimulus measures implemented in China led to significant gains for the Shanghai Composite Index, marking its best week since 2008. “This feels frighteningly familiar,” remarked trading resource The Kobeissi Letter in a post on X. This surge followed the S&P 500 achieving repeated new all-time highs after the Federal Reserve announced