Bitcoin Hits 1-Week High Amid Rate-Cut Optimism
Bitcoin rallied approximately 1.4 %, reaching around $112,423, its strongest level in a week. The move is linked to optimism over the upcoming U.S. August jobs report—if weak, it could prompt the Federal Reserve to consider interest rate cuts, which often buoy crypto assets.
Other major cryptocurrencies remained mixed: Ethereum and XRP were largely flat, while Solana slipped about 0.7 %.
