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Crypto

Bitcoin briefly reclaims $60,000 but rate and ETF outflows still weigh

Bitcoin briefly rose above $60,000 after inflation-related remarks from the U.S. Federal Reserve, but the market remained cautious about the rally’s durability. Concerns persist over higher rates, a stronger dollar and continued outflows from spot bitcoin ETFs. U.S. 5-year Treasury yields climbed to 4.22 percent and futures markets priced a 64 percent chance of a rate hike by September. Traders also pointed to relative strength in AI-linked stocks as a competing draw.

Crypto

Bitcoin rebounds as weak dollar drives gains

Bitcoin recovered above $61,000 on the first trading day of July and climbed to $62,000 on Bitstamp as gains widened around the U.S. open. The rebound coincided with a pullback in the dollar index from an early 101.6 peak and a turn higher in U.S. stocks after early volatility. Crypto derivatives saw heavy swings and more than $200 million in long liquidations over 24 hours, CoinGlass data showed.

Crypto

Bitcoin slips to $58,000 as AI, chip stocks correct; bottom not yet confirmed

Bitcoin fell below $60,000 and slid toward its 200-week moving average, trading around $58,000 after dipping to $59,300. Market maker Wintermute linked the drop more to corrections in large-cap AI and semiconductor stocks than to broad risk aversion. Ethereum fell 7.9 percent to about $1,580. Volatility rose in equities, while macro data and a stronger dollar added pressure. Wintermute said sentiment and ETF outflows still do not confirm a bottom.