Cryptocurrency Prices Surge as Bitcoin Exceeds $90,000

According to ChainCatcher, cryptocurrency prices saw a significant increase during early trading on Wednesday in the United States, with Bitcoin surpassing $90,000. Several factors may have contributed to this market boost. Firstly, metal prices have risen sharply, with silver increasing by approximately 5% to a new high of over $66 per ounce, while gold and copper prices also rose by more than 1%. Additionally, Chris Waller, a leading candidate for the Federal Reserve Chair and current Federal Reserve Governor, made dovish remarks in a public speech. He suggested that the neutral federal funds rate should be 50-100 basis points lower than the current level. Waller also noted that U.S. employment growth is currently near zero and does not expect inflation to rebound. Meanwhile, major U.S. stock indices showed little change in early trading, and the yield on the 10-year U.S. Treasury note fell by 2 basis points to 4.15%.