Bitcoin surged to roughly $117,000 on Friday afternoon, climbing about $5,500 in two hours and extending an early-session rally from near $112,000. The move pushed the world’s largest cryptocurrency back above levels last seen earlier this year and added momentum to a broader advance across digital-asset markets. The spike came as Federal Reserve Chair Jerome Powell delivered remarks at the Jackson Hole Economic Policy Symposium suggesting the central bank could adopt a more dovish posture on interest rates. Investors, anticipating cheaper liquidity, rotated into riskier assets, with Bitcoin leading the upswing. Other major tokens also rallied: Ether traded near $4,600, Solana hovered around $189 and Sui changed hands at roughly $3.54. The broad-based gains lifted the total market value of cryptocurrencies to just under $4 trillion, according to market data compiled late Friday.