Earlier this month, traders were told to "expect fireworks" by analysts David Brickell and Chris Mill, who wrote in their newsletter that they see the bitcoin price hitting fresh all-time highs thanks to China unleashing "a tsunami of liquidity" alongside Federal Reserve interest rate cuts.

Solana's SOL, Avalanche's AVAX and Render's RNDR led the crypto rally as almost all but one member of the CoinDesk 20 Index posted gains.

China vowed to "significantly increase" its debt to support its economy on Saturday but provided no details on the size of its stimulus.

Bitcoin climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after cryptocurrencies rather than the nation’s stocks.

Indeed, China’s attempt to rejuvenate its economy has boosted interest in riskier assets like bitcoin and altcoins – cryptocurrencies other than bitcoin – as traditional stocks face skepticism. Bitcoin's $65,

Bitcoin surpassed the $65K mark with a sizable jump Monday on the heels of China's latest economic stimulus plan that offered scant

On October 14, Bitcoin surged by more than 5%, crossing the $65,000 threshold for the first time since September 29.

Bitcoin has smashed through the $65k mark. Speculators are on a high, as optimism swells around China’s economic stimulus and Donald Trump’s odds for the White House. At press time, BTC was worth $65,