Major Cryptocurrencies Rally 5% as Global Rate Cuts Spark Buying Frenzy

• Asia's business week opened with major cryptos up 4-5%

• Gains partially attributed to Swiss National Bank cutting rates, kicking off global easing cycle

• Bitcoin trading at $67,300, ether above $3,400, CoinDesk 20 up 5%

• Shorts betting against bitcoin and ether seeing significant losses over $100M liquidated

• Analysts say bitcoin rising as Grayscale Bitcoin Trust (GBTC) selling pressure slows