Bitcoin experienced a significant surge in value, reaching new highs over two consecutive days. Initially, it broke the $62,000 mark and then hit $63,577. The cryptocurrency's value continued to climb, with reports of it reaching $67,000 and even peaking at $68,000. This surge is attributed to actions by Jerome Powell and the Federal Reserve, which were seen as favorable by investors in Bitcoin and memecoins. Powell's dovish stance and the Federal Reserve's activities, including the printing of $100 million in US Treasuries, were highlighted as key factors contributing to the rapid increase in Bitcoin's value.
🚨 #Bitcoin rises back to $67,000 https://t.co/AQO7jF3fdx
Jerome Powell prints another $100m US Treasuries - immediately Bitcoin pumps to $68k https://t.co/eLGyEKlh4w
JUST IN: $67,000 #Bitcoin 🚀 https://t.co/fK2nsYtRVv
Powell pumped Bitcoin from 63k to 66k in an hour. Congrats @federalreserve @GaryGensler @neelkashkari @NewYorkFed @DallasFed @ecb $btc
Uber dove Powell pumping everything for the 0dte gamblers, memecoiners, NFT traders, and Wall Street Bets yolo bois. Congrats! @federalreserve @neelkashkari @GaryGensler @ecb $gs $jpm $blk $kre $spy $es
Dovish Jerome Powell just made memecoiners a lot richer hahahaha @federalreserve @neelkashkari @ecb @bankofengland @Bank_of_Japan_j @GaryGensler
Jay Powell bidding memecoins to the moon! $sol $spy $spx $qqq $tlt
BITCOIN JUST BROKE $62,000 ‼️ https://t.co/WV406Metjv
BITCOIN JUST HIT $63,577 ‼️