Bitcoin and U.S. Stocks Continue to Rally After Collins’ Remarks on Fed’s Market Readiness

Bitcoin and U.S. stocks added to their earlier gains following comments made by Boston Federal Reserve President Susan Collins in an exclusive interview with the Financial Times.

Highlights:

• In the interview, Collins assured that the Fed is “absolutely prepared” to take action if market conditions deteriorate, reinforcing the central bank’s commitment to stabilizing the economy.
• Collins also noted that, at present, markets are operating smoothly, with no signs of liquidity issues requiring intervention.
• Bitcoin surged close to $84,000, up 6% in the past 24 hours, while the Nasdaq and S&P 500 extended their Friday gains by nearly 2%.