#BTCRebound

#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. Ethereum, XRP and Solana also noted gains alongside Bitcoin.
#BinanceSquareTalks

The top cryptocurrency lifted nearly every other coin in the top 30, with Ethereum (ETH), XRP, Solana (SOL) and Dogecoin (DOGE) gaining 3%, 2.5% 8% and 4%, respectively.

The positive move in crypto also follows the Producer Price Index — the measure of inflation for the prices of goods sold by domestic producers — falling 0.4% month-on-month, marking its largest drop since October 2023. This comes after the March's Consumer Price Index (CPI) data also came in lower-than-expected at 2.4% from 2.8% in February.