#BTCBreaks99K Bitcoin rose more than 2.6% over the last 24 hours, trading above $99,000 and close to the $100,000 level. This increase is due to the Federal Reserve's failure to lower interest rates to 3.0%, as demanded by U.S. President Donald Trump.

The Fed's decision to keep rates low reflects its concerns about inflation and unemployment. Jerome Powell, the chair of the Federal Reserve, noted that inflation has decreased but still exceeds the desired level of 2%.

However, according to Powell, the economy remains healthy and resilient, mainly due to the volatility associated with Trump's protectionism. After Powell's speech, the price of BTC fell below $96,000 and then immediately recovered, demonstrating stability despite fluctuations in the economy.