Bitcoin price hit a high of $64,955 after Federal Reserve Chair Jerome Powell gave his strongest signal on Fed rate cuts. This move sparked an upside momentum in the broader crypto market, causing the market cap to jump more than 4% to $2.27 trillion.
Other leading cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), and Dogecoin (DOGE), also experienced significant gains following the news. Investors and market analysts are closely watching further developments and their potential long-term impacts on the crypto industry.
