Bitcoin (BTC) Price Surges to ,000 After Powell Announces Rate Cuts in Jackson Hole

Bobby Cirus

Bitcoin (BTC) Price Surges to $61,000 After Powell Announces Rate Cuts in Jackson Hole

“Lower real interest rates often weigh on the dollar’s ​​value and can support dollar-competing assets like gold and bitcoin,” said Zach Pandl, head of research at Grayscale Investments. “The combination of Fed rate cuts, improving US political sentiment around crypto, and net inflows into US crypto ETFs should support bitcoin’s price to return to record highs in the coming months.”

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