Bitcoin Climbs Above $61,000 After Fed Chair Signals Easing Inflation Risks

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Bitcoin surged more than 4% to trade above $61,000, reaching its highest level in over a week. The rally followed remarks by Federal Reserve Chair Kevin Warsh indicating that inflation risks had softened. The positive momentum in Bitcoin persisted despite broader market turbulence, including a 7.9% decline in South Korea's Kospi index. The Kospi drop was driven by renewed concerns over AI chip demand, but it failed to dampen investor appetite for the cryptocurrency.

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