Bitcoin reached a significant milestone by surpassing the $62,000 mark, achieving a daily high of $62,320. This rise in Bitcoin's value came after Federal Reserve Chairman Jerome Powell hinted at the possibility of imminent rate cuts.
Investors responded positively to Powell's statements, leading to increased interest in Bitcoin among traders and market participants.
The news highlights the influence of macroeconomic factors on the cryptocurrency market, showcasing Bitcoin's sensitivity to policy changes.
