Bitcoin Tops $61,000 as Warsh Eases Inflation Fears
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- Bitcoin climbed more than 4% to trade above $61,000, reaching its strongest level in over a week after Fed Chair Kevin Warsh said inflation risks had eased.
- South Korea's Kospi dropped 7.9% on renewed AI chip worries, but the Asian equity selloff did little to dent Bitcoin's bid, underscoring Fed-driven sentiment overriding regional market stress.
Why it matters: Bitcoin's 4%+ rally to above $61,000 shows that dovish Fed-speak now outweighs regional equity shocks — a 7.9% Kospi crash on AI chip fears failed to slow the bid. For crypto traders, Warsh's inflation-risk comments are the dominant near-term price catalyst, with Warsh's July 27–28 FOMC now the next inflection point.
