Bitcoin surged past $62,000 after the U.S. Federal Reserve announced its first interest rate cuts since 2019, following the Aug. 23 Wall Street open. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) reaching new local highs of $62,323 on Bitstamp. Investors responded positively to Fed Chair Jerome Powell’s confirmation that interest rates were set to decline. “The time has come for policy to adjust,” Powell stated during his speech at the annual Jackson Hole symposium. The event had been highly anticipated by markets looking for signs of easing policy. Powell indicated a dovish stance, suggesting an “appropriate dialing
