Bitcoin Reclaims $60,000 but Headwinds Persist

Dow Jones11:33

0333 GMT - Bitcoin edges up in the Asian session, climbing back above the $60,000 level it has hovered around for the past week. But analysts see little letup in the headwinds that have pushed the cryptocurrency down about 32% so far this year. Expectations of higher-for-longer U.S. interest rates and a stronger dollar are curbing appetite for bitcoin, spurring a rotation out of non-yielding assets. Risk sentiment remains tentative amid lingering concerns over Middle East tensions, a hawkish Fed and the viability of the AI boom, Maybank analysts say. For OCBC strategists, the hawkish signaling has reassured markets on policy independence, triggering an unwinding of the debasement trade that had weighed on the dollar, and in turn weakening crypto and gold. Bitcoin gains 0.7% to $60,022. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

June 28, 2026 23:33 ET (03:33 GMT)

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