Bitcoin: Reclaims $60,000 on Warsh Inflation Signal
Bitcoin reclaims $60,000 adding $36 billion market cap after Kevin Warsh signals easing inflation risks, with crypto market surging $50 billion in 90 minutes.
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Bitcoin reclaims $60,000 after Kevin Warsh signals inflation risk is easing, surging 3% and adding $36 billion to its market cap while Ethereum climbs 3.30% for a $6.6 billion gain.
The broader crypto market added $50 billion in the last 90 minutes on the development. Over the past six months BTC has navigated repeated tests of key macro levels amid shifting Fed rhetoric.
BTC at $59670.39 sits inside its Bollinger Bands with upper resistance at $60775.97, while the EMA50 at $60424.82 acts as immediate overhead resistance and the EMA200 at $65346.77 caps longer-term upside; the neutral RSI at 49.91 combined with the MACD golden cross at -429.14 points to a measured push toward the upper band before any retracement to the 50-EMA support zone.
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