Bitcoin climbs toward $84,000 after Fed’s Williams sees no rate hikes in 2027

Bitcoin rose 1.5% to just under $83,900 on Wednesday Asian morning after New York Fed President John Williams said no further rate hikes were needed in 2027, weakening the dollar and lifting Asian stocks. Zcash led major cryptocurrencies with a gain of nearly 7% to about $1,270, while Solana and Dogecoin each rose 2.5% and Ether added 2% to about $2,520. Williams said one more hike this year may still be appropriate, and his comments helped the S&P 500 pare its losses. Thursday's U.S. inflation report is the next test: a cool reading could give bitcoin room to retest $85,000. Brent crude rose 0.7% to about $106 a barrel as Middle East attacks raised doubts over energy shipments from the Persian Gulf.

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