Bitcoin Price Spikes to $63,000: Reasons Behind It

- Today, Bitcoin price exploded above the $63,000 mark, reaching a local peak of around $63,400 before correcting to $62,700, up 4% in the last 24 hours. 📈

- Bitcoin outperformed other top cryptocurrencies, recording only slight gains.

- A major reason could be Mt. Gox's debt repayment deadline extension to October 31, 2025, reducing immediate selling pressure on BTC.

- In addition, China has just announced a financial stimulus package to revive the economy, support low-income households and the real estate market.

These factors have contributed to the increase in Bitcoin price in recent days. 🚀