Crypto Market Rallies as Bitcoin Price, Altcoins Surge Following Fed Rate Cut Signal

Following the Jackson Hole meeting on Friday, Fed chair Jerome Powell clearly hinted towards the central bank’s pivot and upcoming interest rate cuts. Along with Wall Street, the announcement sent the crypto market rallying adding over $110 billion to investors’ wealth. Also, the Bitcoin price made strong gains and is eyeing a move toward $70,000 by the weekend with altcoins eyeing similar gains.