Since the beginning of September, bitcoin has risen in price by 12.3%, which was the best dynamics for this month since its launch in 2009. The growth of the cryptocurrency exchange rate was supported by China's measures to stimulate the economy and expectations of a reduction in the key rate of the US Federal Reserve System. The current quote of the BTC/USD pair is $64,437. Despite a local decline from the area of $66 thousand, since the beginning of the year bitcoin has added 53.3%, remaining 10% below its record high of $73,798 recorded in March. China has recently announced a number of incentives, including lower short-term interest rates and bank reserve requirements, aimed at supporting the economy. In turn, the US Federal Reserve lowered its key rate for the first time in four years, which increased expectations of further policy easing. And the combination of Chinese incentives and monetary easing in the United States will lead to an increase in global liquidity, thereby creating a favorable environment for bitcoin and other risky assets.
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