Bitcoin demand in the United States surged on Friday, driven by the Federal Reserve's indication of a forthcoming cycle of lower interest rates. According to Julio Moreno, the head of research at Cryptoquant, this shift in monetary policy has resulted in a sharp increase in demand among U.S. investors.
This heightened interest has pushed the Coinbase Premium Index to its highest level since July, highlighting the growing enthusiasm for Bitcoin among American investors.
The strong demand and favorable economic outlook have consequently driven Bitcoin's price to reach $64,000, reflecting a significant surge in market activity.
