Bitcoin experienced a notable price increase, breaking the $84,000 mark on Friday after encouraging comments from Federal Reserve leadership. This uptick came following remarks by Boston Federal Reserve President Susan Collins, who suggested that the Fed is ready to step in to support markets should instability arise.
Collins emphasized that while current liquidity conditions appear stable, the central bank remains well-positioned to act if needed. Her statements, shared during a Friday interview, seemed to boost investor confidence and bolstered a broad-based rally across financial markets.
Market Highlights
- Bitcoin surged over 6% in the past 24 hours, reaching a high of approximately $84,909.
- Ethereum followed suit with a 5% jump, trading around $1,641.
- Solana led among altcoins, gaining about 8%.
- Equities also responded positively, with the Nasdaq and S&P 500 each rising nearly 2%.
Investor Sentiment and Policy Outlook
The rally indicates that traders are increasingly expecting a potential shift toward more dovish monetary policy, particularly if financial turbulence escalates. The Fed’s apparent openness to provide liquidity support is enhancing sentiment across risk assets, including cryptocurrencies.
This momentum reflects a broader belief among investors that central banks will not hesitate to backstop markets in periods of strain, minimizing systemic risk even as macroeconomic uncertainties persist.
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