Bitcoin Soars as Powell Hints at Rate Cuts
The price of Bitcoin and other cryptocurrencies saw a rise on Friday after remarks from Federal Reserve Chairman Jerome Powell, who suggested the possibility of an interest rate cut in Jackson Hole, Wyoming. Within 15 minutes of speech starting, Bitcoin jumped above $114,700 from $112,000, a nearly 2.5% gain, while Ethereum surged to $4,600 from … Read more