Ethereum ETF Approval Was a Political Decision, Says Bloomberg Analyst James Seyffart

Bets on a September Fed rate cut weakened the US dollar, indirectly bolstering Bitcoin. Additionally, the impending $9 billion Bitcoin payout from Mt. Gox and the EU’s new MiCA regulation further boosted market confidence.

Bitcoin (BTC) began the week on a high note, soaring above $63,335 and hitting an intraday peak of $63,697.

Bitcoin Price Prediction as U.S. Jobs Data Looms – How Will BTC React?