<ul><li>Bitcoin surged above $64,000 after the Federal Reserve reduced interest rates.</li><li>Increased activities within the futures and perpetual markets drove the surge, rather than spot trading.</li><li>Bitcoin's open interest reached $34.9 billion, the highest since early August, indicating strong investor engagement.</li><li>Increased engagement with Bitcoin ETFs could drive the cryptocurrency towards reclaiming its peak value of $73,800.</li></ul>

This Is Why Bitcoin Surged Above $64K, Can it Go Higher? (Bitfinex)

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