Bitcoin Price Rebounds to $112,000 as US Fed Chair’s Comments Spark Hope of Rate Cuts

After a brief sell-off, the crypto market saw renewed stability as traders reacted to Federal Reserve Chair Jerome Powell’s comments suggesting potential rate easing. Bitcoin recovered to the $112,000 mark (roughly Rs. 98.9 lakh), while Ethereum hovered near $4,000 (roughly Rs. 3.5 lakh). Analysts said Powell’s remarks helped restore optimism, despite lingering concerns over global trade tensions and inflationary pressures.