Bitcoin and U.S. Stocks Rise as Boston Fed President Collins Signals Readiness to Act
Bitcoin and U.S. stocks built on earlier gains following comments made by Boston Fed President Susan Collins in a recent interview with the Financial Times.
Key points to know:
- Collins stated, “We would absolutely be prepared” to intervene if market conditions were to worsen, underscoring the Fed’s commitment to addressing potential challenges.
- However, she noted that, at present, markets are functioning smoothly and the Fed is not observing any liquidity concerns.
- Bitcoin surged to nearly $84,000, marking a 6% increase over the last 24 hours. Meanwhile, the Nasdaq and S&P 500 both extended their Friday rally, climbing nearly 2%.
