Bitcoin and Ether Reach 3-Week Highs Amid Fed Rate Speculation

Bitcoin and Ether both rose significantly during late U.S. trading on Friday, reaching levels not seen in three weeks. This increase follows a period where investor focus was on altcoins like Solana (SOL) and Dogecoin (DOGE).

Bitcoin climbed about 2% in just a couple of hours, reaching roughly USD 116,600.
Ether increased by around 5% to USD 4,650.
Both coins returned to levels last touched during market swings after Fed Chair Jerome Powell’s Jackson Hole speech in late August.

The momentum is partly due to expectations that the Federal Reserve will lower its benchmark rate for the first time in a year next week. Traders seem to be moving back into Bitcoin and Ethereum from altcoins, driven by anticipated monetary policy shifts.