Bitcoin Holds Near $120K, Ether Rallies Towards $4.7K on Trump's Comment, Fed Rate Cut Bets

Bitcoin remains stable and continues to hold its position near the $120,000 mark, while Ether experiences a significant surge, rising towards the $4,700 level. This notable activity in the cryptocurrency market comes in response to recent comments made by former President Donald Trump, which have sparked renewed interest and investment in digital currencies. Additionally, there are growing expectations surrounding potential interest rate cuts by the Federal Reserve, further fueling optimism among traders and investors in the crypto space. source: https://www.coindesk.com/markets/2025/08/13/bitcoin-holds-near-usd120k-ether-rallies-towards-usd4-7k-on-trump-s-comment-fed-rate-cut-bets