Analysis: BTC Returns to $90,000, Possibly Influenced by Dovish Remarks from Popular Fed Chair Candidate Waller
Odaily Planet Daily reported that on Wednesday morning in the U.S. trading session, cryptocurrency prices surged, with Bitcoin prices returning above $90,000, possibly driven by favorable market factors including:
1. Metal prices continue to rise sharply, with silver up about 5%, hitting a new high of over $66 per ounce, and gold and copper prices also rising more than 1% respectively.
2. A popular candidate for Federal Reserve Chair, current Fed Governor Chris Waller 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 U.S. job growth is currently close to zero, and inflation is not expected to rebound.