Bitcoin Advances to $60,700 as Warsh Comments Spur Crypto Rebound

Bitcoin has pushed above $60,700 following Fed Chair Kevin Warsh's remarks that inflation risks are easing. The rebound builds on the prior session's advance past $60,000 to roughly $60,088, which had lifted Ethereum to near $1,619 and gold to an intraday peak of $4,115. On July 2, Ether reached about $1,630 while Solana outperformed with a 4% daily gain and 16% weekly advance. The move coincides with a sharp selloff in Asian semiconductor stocks, potentially supporting rotation into risk assets including crypto. Brent crude eased to around $70.60 as markets assess the durability of the macro-driven lift.