Bitcoin Surges to Nearly $64K, Adding to Gains as RFK Jr. Endorses Trump

Sluggish crypto prices were on the receiving end of two positive catalysts on Friday, first as U.S. Federal Reserve Chairman Jerome Powell confirmed that a monetary easing cycle will begin next month, and then as crypto-friendly RFK Jr. threw his support behind the (also crypto-friendly) GOP standard-bearer Donald Trump in the presidential campaign.$BTC #ETH #BNB #USDT #Binance

Already higher by about 3% on the Fed news, bitcoin {{BTC}} rose further following the Kennedy announcement, trading at $63,800 at press time, or up 5.6% over the past 24 hours. The broader CoinDesk 20 Index was up 4.7% over the same time frame, with ether {{ETH}}, tezos {{XTX}} and solana {{SOL}} among the tokens posting 5% or more gains.