Bitcoin Explodes to $64,853 – Powell’s rate cut suggests it lifts the entire crypto market

Bitcoin hit an impressive high of $64,853 per unit on Friday, buoyed by US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole, where he hinted at the possibility of a rate cut in September. The cryptocurrency gained 5.3% in the last day, contributing to a 5.01% increase in the global crypto market, which (…)