Bitcoin Reclaims $60,000 After Fed Chair Warsh Eases Inflation Concerns

Bitcoin traded above $60,500 on Thursday, reversing overnight losses after Federal Reserve Chair Kevin Warsh said inflation risks had come down.

Speaking at the European Central Bank’s forum in Sintra, Portugal, Warsh reaffirmed the Fed’s 2% inflation goal but avoided signaling what the central bank would do at its meeting later this month.

Solana Leads Weekly Gains

Solana rose about 4% on the day to near $78, up roughly 16% for the week, the strongest performer among major tokens. Ether traded near $1,630, up 3%, while XRP held around $1.06. BNB, Dogecoin and Tron slipped over the week.

Semiconductor Selloff Shakes Asian Markets

A sharper move hit stocks, as a semiconductor selloff spread to South Korea, with the Kospi falling nearly 7% before recovering some ground. Samsung, SK Hynix and Kioxia all posted steep losses amid growing concern that AI stock valuations have run too far. Reports that Meta is building spare AI computing capacity and that. Brent crude fell to around $70.60 a barrel, while gold climbed above $4,060 an ounce.