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Bitcoin Surges Past $61K After Fed Chair Warsh Eases Risks

7/5/2026

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Summary

Story summary

Bitcoin rose above $61,000 on Thursday after Fed Chair Kevin Warsh said risks eased.
Warsh said this at the European Central Bank (ECB) forum in Sintra, Portugal, noting inflation expectations since becoming chairman.
The rally erased a sell-off to $58,200 earlier in the week and recovered $3,000 under a week.
The market now prices a 25-basis-point Federal Reserve hike and an 82% chance of a hold at the end-July meeting.

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Story summary

Bitcoin rose above $61,000 on Thursday after Fed Chair Kevin Warsh said risks eased.
Warsh said this at the European Central Bank (ECB) forum in Sintra, Portugal, noting inflation expectations since becoming chairman.
The rally erased a sell-off to $58,200 earlier in the week and recovered $3,000 under a week.
The market now prices a 25-basis-point Federal Reserve hike and an 82% chance of a hold at the end-July meeting.