Analysis: BTC returns to $90,000, possibly influenced by dovish remarks from Federal Reserve Chair frontrunner Waller
According to Odaily, during early trading hours on Wednesday in the United States, cryptocurrency prices surged significantly, with bitcoin prices climbing back above $90,000. Potential market-positive factors include:
1. Metal prices continued to rise sharply, with silver up about 5%, reaching a new high above $66 per ounce. Gold and copper prices also increased by more than 1% each.
2. Christopher Waller, a leading candidate for Federal Reserve Chair and current Fed Governor, made dovish remarks in a public speech, suggesting that the neutral federal funds rate should be 50-100 basis points lower than the current level. He also added that current U.S. employment growth is close to zero and does not expect a rebound in inflation.
Currently, major U.S. stock indices showed little change in early trading, while the yield on the 10-year U.S. Treasury note fell by 2 basis points to 4.15%. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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