Crypto soars on hopes of interest rate cuts
CNBC Television·2025-08-22 20:40
Tana looks like Ethereum closing in on a new record high, too. >> Yeah, Morgan. Bitcoin up a nice 4% today, but Ether really going for that new record, rebounding all the way to levels not seen since November 2021, again after Powell's hint at those rate cuts.Um, so up 13% today. Uh, the record is about $4,900 after earlier this week falling as low as $4,000 um on Tuesday. Market positioning of course in recent sessions has been riskoff in tech which has bled into crypto.Some of those ETH related stocks tha ...