Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000
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.
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Summary
- Bitcoin climbed back above $60,000 after Fed Chair Kevin Warsh said inflation risks had eased, offering the crypto market its first clear boost in weeks.
- Solana led major tokens with a roughly 4% daily gain and about a 16% rise over the past week, while most other large cryptocurrencies were mixed.
- A sharp sell-off in semiconductor and AI-related stocks, driven by concerns over overbuilding and supply shifts, raised questions about whether money could rotate back from the AI trade into bitcoin and other risk assets.
