Bitcoin Rebounds Above $114,000 as Ether surges; Market Awaits Powell’s Speech
Bitcoin rebounded to $114,600 on Thursday, after falling below $113,000 earlier in the week. Ether surged above $4,300, gaining 3.8 percent in 24 hours. Analysts linked the recovery to hawkish Federal Reserve minutes, inflation risks, and ETF outflows. Market watchers now look ahead to US unemployment and PMI data due later today and Powell’s Jackson Hole speech for signals on rate cuts, with Bitcoin resistance levels at $116,700 and $118,200 in focus.
