Bitcoin and U.S. Stocks Strengthen Following Collins’ Comments on Fed’s Readiness to Intervene
Bitcoin and U.S. stocks surged further after Boston Fed President Susan Collins shared her perspective in a recent Financial Times interview.
Key points:
- Collins assured that the Fed is “absolutely prepared” to intervene if market conditions warrant, reiterating the central bank’s willingness to act if necessary.
- Despite these assurances, Collins emphasized that current market conditions remain stable, and the Fed has not observed any liquidity concerns.
- Bitcoin rose nearly 6% to approach $84,000, while the Nasdaq and S&P 500 each extended their Friday gains, climbing nearly 2%.
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