Cryptocurrency2 Jul 2026SEO 881 min read

Analysis: Bitcoin zooms above $61,000 as inflation fears soften

Bitcoin rose more than 4% to trade above $61,000, its strongest level in over a week, after Fed Chair Kevin Warsh said inflation risks had eased. A 7.9% drop i…

Bitcoin rose more than 4% to trade above $61,000, its strongest level in over a week, after Fed Chair Kevin Warsh said inflation risks had eased. A 7.9% drop in South Korea's Kospi on renewed AI chip worries did little to dent the bid. Bitcoin climbed back above $61,000 after comments from Federal Reserve Chair Kevin Warsh suggested inflation risks had eased, tempering fears of further hawkish policy. The cryptocurrency’s gains contrasted with a sharp sell-off in tech stocks, including a n…

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