Bitcoin and ether both rose significantly during late U.S. trading on Friday, reaching levels not seen in three weeks. This move came after a stretch where investor focus shifted toward altcoins like Solana (SOL) and Dogecoin (DOGE), which recently delivered strong gains. Some of the momentum is tied to expectations that the Federal Reserve will lower its benchmark rate for the first time in a year next week. Bitcoin climbed about 2% in just a couple of hours, reaching roughly USD 116,600 . Ether jumped even more, up around 5% to USD 4,650 . Both coins returned to levels last touched during the market swings following Fed Chair Jerome Powell’s Jackson Hole speech in late August. In short, traders appear to be rotating back into Bitcoin and Ethereum from altcoins, with monetary policy shifts acting as a key driver.
