Ether, Solana, Dogecoin rise as Warsh comments lift Bitcoin above $60K
Bitcoin surged above $60,700 after Fed's Warsh said inflation risks eased, lifting Ether, Solana and Dogecoin in a broad crypto market rally.
Bitcoin traded above $60,700 on Thursday after a sharp overnight reversal, fueled by dovish remarks from Federal Reserve Chair Kevin Warsh that inflation risks had eased. The move lifted major altcoins including Ether, Solana and Dogecoin, snapping a weeks-long grind lower for the crypto market.
Speaking at the European Central Bank's annual forum in Sintra, Portugal, Warsh said "inflation risks have come down" while reaffirming the Fed's commitment to returning inflation to 2%. He declined to signal the central bank's next move, stressing that policymakers would weigh incoming data. Bitcoin pared earlier losses and pushed back above $60,000 after the remarks, according to CoinDesk reporting. The broader crypto market followed, with Ether, Solana and Dogecoin all posting gains. For traders tracking real-time prices, NowPrice offers the latest quotes across these assets.
The rally comes after a June that saw Bitcoin struggle to hold key support levels amid uncertainty over Fed policy. With Warsh's comments easing fears of further tightening, risk assets found a bid. Looking ahead, traders will watch for upcoming US economic data and any further Fed commentary for clues on the pace of rate adjustments. The crypto market's sensitivity to macro signals remains elevated, making each data release a potential catalyst.