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Bitcoin Volatile Near $94K as Fed's Powell Balances Labor Market and Inflation Concerns

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BTC
$92,441.802.31%
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ETH
$3,252.991.57%
Bitcoin, seen as a hedge against inflation, climbed above $94,000 before retreating as Fed Chair Powell gave conflicting signals on policy. BTC hovered near $92,000 before surging after labor market comments, then easing on inflation focus. The New York Fed plans $40 billion in short-term purchases. CFT regulations remain in focus as markets await data-driven decisions. Ether rose 2.4% to $3,400.
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