[New York Fed President Says No Further Rate Hikes Needed in 2027] Odaily Planet Daily News: Bitcoin rose 1.5% to nearly $83,900. John Williams, President of the Federal Reserve Bank of New York (New York Fed), stated that there will be no need for further rate hikes in 2027. The U.S. dollar weakened, and Asian markets rose in tandem. Among major cryptocurrencies, Zcash rose nearly 7%, Solana and Dogecoin both increased by 2.5%, and Ether rose 2%. The U.S. inflation report to be released on Thursday will influence whether the Federal Reserve raises rates again this year and whether Bitcoin can retest $85,000. (CoinDesk)