<ul><li>Bitcoin surged past the $65,500 mark, its highest level in nearly two months.</li><li>The surge was triggered by traders feeling bullish after the U.S. Federal Reserve implemented its first interest rate cut.</li><li>Another 50 basis point cut is being speculated at the upcoming meeting on November 7.</li><li>BlackRock's Bitcoin Trust (IBIT) saw significant inflows with nearly $185 million added to the fund.</li><li>China's potential injection of 1 trillion yuan into the economy triggered a 3.6% jump in the Shanghai Composite Index.</li><li>Bitcoin saw notable accumulation of around 88,000 BTC in the past 30 days, particularly by retail investors.</li><li>Around 40,000 BTC were withdrawn from exchanges, reducing liquidity and creating a bullish environment.</li><li>BlackRock describes Bitcoin as a 'unique diversifier' and 'an emerging global money alternative.'</li><li>Bitcoin has demonstrated resilience and recovery even when traditional markets suffer.</li><li>Options trading in IBIT could attract more institutional investors, but opinions on its impact on Bitcoin market volatility are divided.</li></ul>

Bitcoin Surges to a Two-Month High Above $65,000

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