Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000
CoinDesk·
60-second summary
Bitcoin surges above $60,000 for the first time in over a week after Fed Chair Kevin Warsh comments suggest decreased inflation risks, boosting investor confidence. Solana leads the majors with a 16% weekly gain, while Dogecoin also rises. The semiconductor selloff dents Asian markets and AI trade, potentially pulling capital from crypto, but for now, altcoins benefit from bitcoin's growth.
Bitcoin climbed back above $60,000 for the first time in over a week after Fed Chair Kevin Warsh said inflation risks had come down. Solana led the majors, up about 16% on the week, while a semiconductor selloff hit Asian markets and dented the AI trade that has pulled capital from crypto all quarter.