Federal Reserve

The U.S. dollar fell to multi-week lows due to expectations of Federal Reserve rate cuts, while Bitcoin surged past $124,000 driven by institutional investments and regulatory support. Global currencies like the British pound, euro, and Australian dollar also strengthened against the dollar amid mixed economic data and policy signals.

Bitcoin price surged to $64,000 following the Federal Reserve's interest rate cuts, with altcoins also performing strongly. Bitcoin exchange deposits hit a six-year low amid increased holding, and even Trump used Bitcoin for purchases in NYC.

Bitcoin and Ethereum prices surged following the Federal Reserve's indication of potential interest rate cuts in September, with investors eagerly awaiting upcoming U.S. jobless claims data and Fed Chair Powell's remarks at the Jackson Hole Symposium.