Bitcoin Tops $60K as Fed's Warsh Signals Lower Inflation Risk

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Bitcoin surpassed $60,000 for the first time in over a week following comments by Federal Reserve Chair Kevin Warsh indicating that inflation risks have eased. The broader crypto market responded positively, with Ether, Solana, and Dogecoin all posting gains. Solana was the standout performer among major cryptocurrencies, rising approximately 16% over the week. Meanwhile, a selloff in semiconductor stocks weighed on Asian markets and weakened the AI trade, which had been drawing capital away from crypto throughout the quarter.

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