Bitcoin’s (BTC) price rose above $62,000 after Fed Chair Jerome Powell hinted at interest rate cuts on Friday. The chair mentioned this in his Jackson Hole Speech, leading the coin to jump in less than an hour.
But will Bitcoin continue to climb? This on-chain analysis reveals the possibility.
This is a developing story…
The post Bitcoin (BTC) Price Surpasses $62,000 as Fed’s Powell Suggests Rate Cuts in Jackson Hole Speech appeared first on BeInCrypto.