#BTCBreaks99K

Bitcoin has increased by more than 2.6% in the past 24 hours to trade above $99,000 and near $100,000. This price increase is due to the Federal Reserve not lowering interest rates to 3.0% as requested by U.S. President Donald Trump.

The Fed's decision to keep interest rates low reflects their concerns about inflation and unemployment. Jerome Powell, the chairman of the Federal Reserve, indicated that inflation has decreased but is still above the desired level of 2%.

However, according to Powell, the economy remains strong and resilient, primarily due to the volatility related to Trump's protectionism. Following Powell's speech, the price of BTC dropped below $96,000 and immediately recovered, indicating stability despite fluctuations in the economy.