Bitcoin price charges to $116K as Fed’s Powell hints at interest-rate cut
Bitcoin recovers from a trip to six-week lows as Fed Chair Jerome Powell gives strong “dovish” clues over where interest rates will head in September.
Key points:
Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell.
Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month.