Bitcoin zooms above $61,000 as inflation fears soften
CoinDesk·
60-second summary
Bitcoin surges above $61,000, its strongest level in over a week, after Fed Chair Kevin Warsh eases inflation concerns, sparking a 4% price increase. Meanwhile, a 7.9% drop in South Korea's Kospi due to AI chip worries has little impact on the cryptocurrency's bid, as investors remain optimistic about its prospects despite global market fluctuations.
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.