Golden Finance reported that Bitcoin has surged 7% in the past five days, breaking through the $64,000 mark for the first time since August 26th. Meanwhile, gold has reached record highs over 30 times this year, surpassing $2,600 per ounce. Analyst James Van Straten stated that the outstanding performance of both Bitcoin and gold is linked to increased global liquidity, expansion of central bank balance sheets, and the recent rate cut by the Federal Reserve, which encourages investment and economic activity. The Federal Reserve's current balance sheet stands at $7.1 trillion. While they are still pursuing quantitative tightening, the pace has slowed. The decline in reverse repurchase balances, currently just over $300 billion, has released liquidity back into the financial system. This acts as a stimulus, increasing the availability of funds for loans, investments, and overall economic activity. This surge in liquidity has been particularly stimulating for Bitcoin, as its movement tends to align with liquidity trends. In addition, the Federal Reserve's 50-basis-point rate cut further supports the rise of Bitcoin and gold.