Bitcoin briefly reaches $65,000, driven by ETF demand and Fed easing concerns.

From Investing.com
August 26, 2024 1:30:26 pm:

Bitcoin briefly hit $65,000, spurred by ETF demand and Fed easing concerns. The digital asset surged 10% in a week, peaking at $65,050 before dropping below $64,000. MicroStrategy’s Michael Saylor boasted that Bitcoin outperformed S&P 500 companies over four years. Fed Chair’s remarks led to a $252 million inflow into BTC ETFs, signaling a liquidity boost for global markets.

Read more at Investing.com: Michael Saylor Declares Bitcoin Standard as BTC Briefly Hits $65,000 By U.Today