The Bitcoin (BTC) price reached a new two-week high on Friday, surpassing $62,000.
This surge followed Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium, where he indicated that the central bank may soon begin a cycle of rate cuts.
The prospect of lower interest rates has fueled optimism among investors, raising speculations about BTC reaching $70,000 in the near future.
Source: cryptonews.com ↗