Bitcoin is back above $61,000, with a general rebound of encrypted assets. According to external sources, this round-up reflects more risk preference for short-line rehabilitation, but the market has not reached a consistent judgement on the subsequent trends, and interest rates, inflation and geo-situations remain the main variables.

Inflation concerns are temporarily eased

The article mentions that Federal Reserve Chairman Kevin Warsh reduced the risk of inflation at the ECB Forum in Sintra, Portugal, claiming that inflationary pressure had fallen. This statement has been interpreted by the market as a sign of a bias towards high-risk assets, boosting investment sentiment, including encrypted assets.

However, the article also notes that inflationary pressures have not really disappeared. In the United States in May 2026, CPI rose to 4.2 per cent, so the Fed maintained interest rates. The market is still concerned about whether interest rates will increase again during the year. If interest rates continue to rise, risk asset performance will normally be suppressed and the encryption market may be under pressure.

Oil prices and the geologic situation are still under pressure

According to the article, the American-Iranian conflict has kept market sentiment cautious. Delays in ameliorating the situation may lead to further high oil prices and additional pressure on the valuation of economic activity and risk assets.

For encrypted markets, rising oil prices tend to reinforce inflationary concerns and may weaken market expectations of easing. This means that even if the Bitcoin short-line rebound, the macro-level environment has not shifted significantly.

There's a clear difference between the market and the bottom.

Market views were not consistent as to whether or not the bitcoin had been built. Anthony Scaramucci believes that bitcoin may have reached the bottom and had the opportunity to rise to $70,000 in July 2026. For its part, Jiang Zhor, a Chinese investor, believed that bitcoin could be down to between $42,000 and $44,000 later in 2026.

According to the article, if Bitcoin fell to the vicinity of $42,000, it could trigger a wider sale. Overall, the round rebound improved short-line sentiment, but continuity still depends on the continued deterioration of macro-data, interest rate paths and geo-situations.