Fed Move Could Revive Bitcoin After Early-Morning Crash
Bitcoin dropped sharply to roughly $80,000 early Friday, triggering fresh selling before a speech by New York Fed President John Williams helped check the decline. Williams isn’t a household name to most crypto traders, but his comments — focused on macro stability and inflation outlook — were enough to calm markets and lift risk assets, giving BTC what some traders called a brief ‘‘Lazarus’’ rally.
The episode highlights that central bank rhetoric still matters for crypto price action, especially when volatility is high. While the speech provided near-term relief, traders caution that lasting strength will depend on incoming economic data and the Fed’s policy path. For now, bitcoin’s bounce is significant because it shows traditional monetary cues can quickly reshape sentiment across digital-asset markets.