**News Flash: Bitcoin Soars as Fed Hints at Rate Cuts**

Federal Reserve Chairman Jerome Powell hinted at imminent interest rate cuts during the Jackson Hole Symposium, sparking a Bitcoin (BTC) rally past $63,000. Analysts predict further gains as cheaper loans could drive investment in riskier assets like crypto.

Leena ElDeeb from 21Shares noted that past rate cuts, such as those in March 2020, led to significant crypto market growth. While history isn't a guarantee, it offers a benchmark for potential outcomes.

ElDeeb also highlighted the M2 money supply's role in Bitcoin's price cycles, suggesting a possible surge before a mid-cycle correction. Institutional interest remains strong, with notable inflows into Bitcoin ETFs from BlackRock and Fidelity.