Bitcoin Climbs Near $84,000 Following Remarks by Fed's Williams on Interest Rates

Bitcoin rebounded to reach a 24-hour high of $84,061, recovering from an earlier drop below $82,000 that triggered more than $770 million in liquidations. The digital asset advanced alongside broader crypto markets after New York Fed President John Williams indicated no additional rate hikes may be necessary next year, projecting inflation to cool to 3.5% by year-end 2026 and hit 2% by 2028. Williams noted that while another rate hike this year remains possible, there is no immediate urgency. Markets now await upcoming U.S. inflation data as the next catalyst for testing $85,000 resistance.