Analysis: BTC rebounds to $90,000, possibly influenced by dovish comments from Waller, a leading candidate for Federal Reserve Chair.
According to Odaily Planet Daily, cryptocurrency prices surged in early trading on Wednesday in the US, with Bitcoin prices returning above $90,000. Potentially positive factors for the market include:
1. Metal prices continued to rise sharply, with silver rising by about 5% to a new high of over $66 per ounce, while gold and copper prices also rose by more than 1% respectively.
2. Chris Waller, a leading candidate for Federal Reserve Chair and current Federal Reserve Governor, made dovish remarks in a public speech, suggesting that the neutral federal funds rate should be 50-100 basis points lower than its current level. He added that U.S. job growth is currently close to zero and inflation is not expected to rebound.
Major U.S. stock indexes were little changed in early trading, while the 10-year U.S. Treasury yield fell 2 basis points to 4.15%. (CoinDesk)
