Bitcoin and U.S. Equities Rise After Boston Fed’s Collins Signals Preparedness to Act
Bitcoin and U.S. stocks continued their upward momentum after comments from Boston Fed President Susan Collins in a recent Financial Times interview.
Key takeaways:
- Collins stated that the Fed is “absolutely prepared” to intervene if market conditions worsen, ensuring the central bank is ready to step in when needed.
- She also mentioned that, currently, markets are functioning smoothly, with no concerns about liquidity issues.
- Bitcoin surged to nearly $84,000, rising 6% in the past 24 hours, while the Nasdaq and S&P 500 extended their Friday rally, climbing nearly 2%.
