Bitcoin Rises Above $90K Amid Fed Rate Decision

Bitcoin rebounds above $90,000 as investors await Federal Reserves final interest rate decision and jobs data. Despite a narrow trading range since October, Bitcoins recent uptick follows concerns about persistent inflation and its impact on the Federal Reserves plans for future rate reductions. Gold and silver prices surge due to investor caution, while Bitcoin remains relatively stagnant. Initial jobless claims expected to rise, potentially influencing the Federal Reserves decision-making. A rate cut could spark a rally in riskier assets like cryptocurrencies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.