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Coin Edition 2024-08-24 14:18:58

Bitcoin Breaks Out, Hits $64K After Fed’s Rate Cut Hints

Bitcoin’s price surged to $64,151.81, a 5.47% jump in 24 hours, following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. His remarks, hinting at possible interest rate cuts in September, ignited optimism among U.S. investors, driving strong demand for Bitcoin. While Powell did not provide specifics, the prospect of rate cuts has put the The post Bitcoin Breaks Out, Hits $64K After Fed’s Rate Cut Hints appeared first on Coin Edition .

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