Key points:
🔥BTC hits $99,400
🔥Up 33% in a month
🔥Resistance at $100K
Apparently, crypto traders were eager to bid up after Fed boss Jay Powell said inflation risks are elevated and no rate cuts are on the table for now.
😎 Bitcoin Rallies on Powell’s Comments
$BTC jumped 2% early Thursday, climbing to $99,400 as traders digested Federal Reserve Chair Jay Powell’s post-FOMC press conference — and liked what they heard.
While the Fed kept interest rates unchanged and warned that inflation risks remain elevated, crypto traders took comfort in the certainty of no surprises. No cuts? No panic either. No news is good news.
👊 Four-Day Streak and 33% Monthly Surge
The OG coin has now strung together four days of gains and is up 33% over the past month, building steadily off its early-April low of $74,000.
That rally has been powered by a return to risk appetite, renewed flows from institutional investors, and the ever-simmering narrative that Bitcoin thrives when macro conditions grow too complex for traditional assets to handle.
⏳ Eyes on $100K as Momentum Builds
For now, Powell’s steady tone — hawkish but predictable — was enough to stoke further enthusiasm. While equities danced around the Fed decision, Bitcoin stayed on mission, inching closer to that $100,000 milestone.
Resistance is expected at the key psychological level, but momentum has traders hoping for a breakout, not a blow-off.
With volatility ticking up and technicals firming, crypto traders may want to watch the charts — and economic data — more closely than ever.