Bitcoin rises to nearly $83,900, New York Fed President: No rate hikes next year

Techub News reports that Bitcoin rose 1.5% in the Asian early trading session on Wednesday, reaching nearly $83,900.

John Williams, President of the New York Federal Reserve, stated that no further interest rate hikes will be necessary in 2027. His comments weakened the US dollar and boosted Asian stock markets. Williams also said that another rate hike might still be appropriate this year.

ZEC increased nearly 7% to about $1,270; SOL and DOGE each rose 2.5%; Ethereum rose 2% to about $2,520; XRP, BNB, and HYPE rose between 1% and 2%, while TRX increased less than 1%. (CoinDesk)