Bitcoin Price (BTC) rises to $61,000 After Powell at Jackson Hole Signals Rate Cuts

“Lower real interest rates tend to weigh on the value of the dollar and can support assets that compete with the dollar, like gold and bitcoin,” said Zach Pandl, head of research at Grayscale Investments. “The combination of Fed rate cuts, improving U.S. political sentiment around crypto, and net inflows into U.S. crypto ETFs should support bitcoin’s price to return to all-time highs in the coming months.”