The Bitcoin price surged early Wednesday, reclaiming the $90,000 level as traders digested fresh macro signals and growing momentum around U.S. crypto regulation.

The move followed a sharp reversal from weekend lows near $86,000, with the bitcoin price climbing to highs of $90,361 into the day, according to Bitcoin Magazine Pro data. 

All this is happening as the market braced for the Federal Reserve’s first rate decision of the year later today, with futures pricing in an almost certain hold on rates Wednesday. 

With unemployment at 4.4%, traders are focused less on inflation and more on whether Chair Jerome Powell signals concern about labor market softness. 

If…

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