Bitcoin edged higher on Thursday morning as it began to recover slightly after a turbulent midweek sell-off. This sell-off was primarily triggered by comments from Federal Reserve Chair Jerome Powell, who expressed concerns about President Trump’s proposed tariff increases. Powell warned these tariffs could amplify inflation while stifling economic growth.

Traders are now evaluating the potential impact of fiscal decisions on Bitcoin and the broader market. As the dust settles, Bitcoin’s movement could signify its resilience amidst uncertainty. Investors await further updates on market trends and Fed policy, hoping for stability amidst these dynamic shifts.