Bitcoin Climbs On Fed Rate Cut Hopes, Matt Gaetz Buys ‘Digital Penguins,’ Analyst Calls XRP ‘Ideal’ Entry — Weekly Crypto Recap
Posted On August 17, 2025
The past week in the crypto world was a mixed bag of events. Bitcoin (CRYPTO: BTC) saw a rise following the Federal Reserve Governor’s dovish comments on rate cuts, while altcoins pulled back. Meanwhile, former U.S. Representative Matt Gaetz made headlines with his purchase of Pudgy Penguins token and an economist issued a stern warning about a potential crypto crash. Let’s dive into the details.
Bitcoin Rises Amid Fed Governor’s Dovish Comments
Bitcoin experienced a surge, while altcoins took a step back, following the Federal Reserve Governor’s dovish remarks on rate cuts. The governor’s comments seemed to have a positive impact on Bitcoin, but the altcoins didn’t share the …
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