Bitcoin broke $61,000 on Thursday, 24 hours by more than 4%, back to more than a week. The statement by Federal Reserve Chairman Kevin Walsh on the easing of inflation risks has eased market concerns about further tightening of policies.
Back to high this week.
CoinDesk data show that Bitcoin had previously fallen to about $582 million and then rebounded quickly. This rebound brought the price back to the top of $60,000, temporarily extricating from the vulnerable areas earlier this week.
Walsh stated at the ECB Forum in Sintra, Portugal, that inflation risk had declined. It was the first time that he had made a clear soft statement since June, when he released the hawk signal. In the past few weeks, the United States of America's spot in bitcoin, ETF, continued to emit, and interest rates were concerned about once suppressing the performance of encrypted assets.
Weaknesses in technology have not slowed down currency prices.
This round rises at a time when technology shares are under widespread pressure. Korea's Kospi index dropped by 7.9 per cent on Thursday, evaporating approximately $29 billion from the combined market value of Tristar Electronics and SK Hercules. According to Bloomberg, this is the second time this month that the index has fallen sharply because of concerns about the needs of the AI chip.
- Bitcoin, 24 hours, about 4.1%.
- $61,000 per disc.
- About 582,000 dollars this week.
At the same time, Meta’s plan to sell idle calculus to external customers has led the market to again question whether AI infrastructure inputs are faster than real demand. Unlike Asia's shareholdings, bitcoin did not follow the decline, but continued to rise.
Non-farm data into the next variable
According to analysts, this rebound, while easing short-line pressure, was not sufficient to fully reverse the weakness of the first half of the year. There was a previous market view that prices might face a deeper retrenchment if there was a shortfall of $60,000.
Next, the June non-farm employment report in the United States will be the new focus. If employment data are strong, the scope for the Fed to maintain restrictive policies will be expanded; if data are weak, the market's interest-rate bets may rise again, which will also affect market direction in July.
