Bitcoin and crypto market sees recovery as Fed official says agency ready to stabilize market if necessary
Boston Fed President Susan Collins said the agency will deploy tools to stabilize the market if liquidity concerns rise.
Bitcoin reclaimed the $83,000 mark on Thursday following Collins' comments and a lower-than-expected PPI data.
$ETH , $XRP and Solana also noted gains alongside Bitcoin.
$BTC rallied 5% on Friday, trading just below $84,000 following Susan Collins, head of the Boston Federal Reserve (Fed), hinting that the agency could stabilize markets with "various tools" if needed.