Bitcoin Advances Near $84,000 Following Fed Williams Comments on Interest Rates

Bitcoin traded near $83,800 to $83,900 after advancing 1.5% within an intraday range of $83,142 to $83,948. The rebound followed remarks from New York Fed President John Williams, who stated he sees no need for additional rate hikes next year, though one more increase could occur this year. The comments pressured the U.S. dollar and lifted broader risk assets, including Zcash, Solana, and Ethereum. Market participants are now focused on upcoming U.S. Consumer Price Index data, forecasted at 3.6%, which could influence whether Bitcoin tests immediate resistance at $85,000.