Last week’s crypto market recovery defied history that August was predominantly bearish. Bitcoin price gained strength to tap $65,000 from a major crash below $50,000 as investors embraced the Fed’s signal for interest rate cuts. Altcoins rebounded with Ethereum (ETH) in the lead, while increases in Polygon (MATIC), Arbitrum (ARB), and Optimism (OP) suggested that an altcoin season was shaping up.