Bitcoin experienced a remarkable surge on August 22, 2025, rocketing from $112,000 to over $117,000 within minutes. This notable Bitcoin rally was sparked by Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium and his shift towards a softer stance on monetary policy. His dovish pivot, with hints of interest rate cuts, has sent shockwaves through the cryptocurrency market, including an immediate 5% spike in Bitcoin’s price. Let’s delve into how this significant change in Fed policy triggered the price surge in Bitcoin and what it means for the crypto industry moving forward. This article provides a comprehensive overview of the key events that shaped Bitcoin’s remarkable rise.