New York Fed President Says No Further Rate Hikes Needed in 2027

Odaily News: Bitcoin rose 1.5% to nearly $83,900. Federal Reserve Bank of New York (New York Fed) President John Williams stated that there is no need for further rate hikes in 2027; the dollar weakened, and Asian markets rose in tandem.

Among mainstream cryptocurrencies, Zcash gained nearly 7%, Solana and Dogecoin both rose 2.5%, and Ether rose 2%. The U.S. inflation report to be released on Thursday will influence whether the Federal Reserve raises rates again this year and whether Bitcoin can retest $85,000. (CoinDesk)