Bitcoin demand among U.S. investors surged recently, as reflected by the Coinbase Premium Index, which hit its highest point in 39 days. This spike occurred after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts during the Jackson Hole symposium. The Coinbase Premium Index, which measures the price gap between Bitcoin on Coinbase Pro and Binance, reached a peak of 0.0114, signalling increased buying pressure from U.S. investors. Following these developments, Bitcoin's price rose to $63,978, nearly reaching $65,000, marking a 5.46% increase since August 22.