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Bitcoin back above $64K 👌

Bitcoin back above $64K 👌

BTC and ETH hit weekly highs, as Vitalik Buterin praises Ethereum's “crazy strong” fundamentals.

Ryan Ozawa
August 24, 2024

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📝 What you need to know

Friday brought a one-two punch of signals that led a solid rise in the price of Bitcoin: Fed Chair Jerome Powell firmly signaling a U.S. interest rate cut next month, and Bitcoin fan Robert F. Kennedy Jr. joining forces with Donald Trump.

After a week that saw depths below $58,000, BTC is now trading at $64,205. While a far cry from its all-time high, the last time Bitcoin was in this range was Aug. 1. Ethereum, meanwhile, spiked above $2,800 today. Both coins logged a solid 7% rise over the past seven days.

This Week in Coins: Sideways Days Slide into a Bitcoin Rise

Bitcoin and major coins and tokens experienced big price action Friday after hints that the Fed would slash interest rates.

Vitalik Buterin Touts Ethereum’s Strength, Sets AI Event

At an upcoming conference in November, the Ethereum co-founder said "we're not just going to be talking about the crypto things.”

SEC Lawsuit Against Kraken Can Move Forward, Judge Rules

A federal judge in California did not dismiss the lawsuit, but Kraken said the ruling was still good for its case.

RFK Jr.’s Suspended White House Bid Creates Chaos on Polymarket

Bettors watched to see if Robert F. Kennedy Jr. would drop out—with semantic debates prompting odds to plummet as low as 6%.

🎓 LEARN: Getting Started with Institutional Staking

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💬 Quote of the Day

❝

“Ethereum's fundamentals have become
crazy strong right now.”

—Vitalik Buterin, Ethereum Co-Founder

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The venerable Oxford institution’s exhibition on the history of money and art culminates with cryptocurrency and NFTs.

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📚 Dive Deeper

📹 WATCH: Mika Shares How to Sell Crypto Using Kraken Wallet

Rug Radio creator Mika guides you through the process of selling crypto and transferring it back to your bank account.