Interest Rates
Dollar Weakens Amid Fed Rate Cut Bets as Bitcoin Hits Record High
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.
BitcoinFederal ReserveUSDCryptocurrencyInvestmentsCrypto RegulationInterest RatesInstitutional InvestmentForexMarket Trends
Published at 2025-08-15 03:03:27
Bitcoin Surges Past $64,000 as US Federal Reserve Cuts Interest Rates, Altcoins Rally
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.
Published at 2025-06-14 10:03:29