Bitcoin climbs toward $60,000 after Fed Chair Warsh said inflation risks has come down

60-second summary

Bitcoin is climbing toward $60,000 as Federal Reserve Chair Jerome Powell signaled reduced inflation risks, echoing his predecessor's sentiment, with inflation expectations stabilizing around the 2% target. This shift in tone has investors optimistic about a potential rate cut, boosting risk assets like Bitcoin, which has surged in response, with its price increasing significantly.