On August 23, Bitcoin surprised the market by soaring over 6%, climbing from $60,700 to reach the $64,450 zone. This significant price spike came after Federal Reserve Chair Jerome Powell hinted at forthcoming interest rate cuts, signaling a shift in policy. Powell's comments sparked a surge in Bitcoin inflows, particularly into Bitcoin ETFs, injecting bullish momentum into the market. With bulls gaining control, optimism began to dominate the market, raising expectations of further Bitcoin highs. Source: CoinMarketCap However, the rally was short-lived. On August 28, Bitcoin experienced its largest drop since early August, part of a broader crypto selloff.#bitcoin☀️ #HappyPosting #bitcoin☀️ $BTC
