Bitcoin Sets New All-Time High

🟡Bitcoin surged to $117,421 after Powell’s comments on a potential September rate cut during the Jackson Hole Symposium. His remarks sparked demand for risk assets, weakened the U.S. dollar, and fueled a swift BTC rebound from its local low of $111,658 — the lowest level since July.
🟡Analysts highlight strong technical signals: charts show a bullish divergence and confirmed support near $112,000. Investors expect the Fed’s monetary easing to drive further crypto growth and amplify interest in digital assets amid global liquidity expansion.