๐ Bitcoin & Ethereum Soar as Fed Signals Rate Cuts!
The crypto market just witnessed another massive pump after Federal Reserve Chair Jerome Powell hinted at possible rate cuts this September.
๐นBitcoin (BTC) surged above 117,000, briefly touching a record 124K earlier this month.
๐น **Ethereum (ETH) jumped over 14%, trading near 4,780, its highest level since 2021.
๐น Altcoins followed the rally โ XRP, SOL, and DOGE all posted double-digit gains.
๐ Whatโs Driving the Pump?
โ Fedโs dovish tone โ Lower interest rates = more appetite for risk assets like crypto.
โ Institutional inflows โ Spot Bitcoin ETFs & retirement account access boosting demand.
โ **Pro-crypto regulation** โ U.S. policy tailwinds pushing mainstream adoption.
โ **Bullish momentum** โ Analysts eye BTC at **\$140Kโ\$200K** in the next 12 months.
๐ Whatโs Next?
* If BTC stabilizes, expect altcoin season to heat up.
* Market eyes Fedโs September decision** as the next big catalyst.
* Analysts warn of short-term pullbacks but remain bullish long term.
๐ฅ The crypto bull run is here โ are you ready?