Bitcoin Surges to New All-Time Highs as Fed Prepares for Rate Cuts

Key Points

1. Bitcoin's price surged to a new all-time high of $113,788.23.

2. Federal Reserve member Christopher Waller hinted at potential rate cuts if economic data supports it.

3. Market expectations for a rate cut in September have increased by 2%.

4. The impact of tariffs on prices is noted as a one-time increase, which central banks might overlook.

5. The cryptocurrency market is experiencing significant volatility, with Bitcoin leading the surge.