TLDR Tech / Crypto
Crypto in the Green After Warsh Comments Push Bitcoin Above $60,000
Bitcoin crossed $60,000 for the first time in over a week, reaching $61,058 (+4.23%), after Fed Chair Kevin Warsh stated at the ECB's Sintra forum that "inflation risks have come down" without signaling a meeting-level policy shift. Solana outperformed major assets with a 16% weekly gain to approximately $78, while Ethereum added 3% to approximately $1,630. BNB, Dogecoin, and Tron lagged. A semiconductor-driven 7% drop in South Korea's Kospi raised the prospect that the AI trade, which drew capital away from crypto throughout Q2, may be losing momentum. Crypto closed H1 with back-to-back quarterly losses, only the third such occurrence in Bitcoin's history.
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