Bitcoin Recovers After Remarks from Fed's Warsh, Ahead of Jobs Data

Dow Jones15:08

0708 GMT - Bitcoin recovers after Federal Reserve Chair Kevin Warsh said inflationary risks have eased at the European Central Bank's forum in Sintra, Portugal on Wednesday. Warsh's comments prompted investors to price out chance of an interest-rate rise in July, Deutsche Bank analysts say in a note. This repricing was further supported by softer-than-expected U.S. data Wednesday, including the ADP private payrolls and ISM manufacturing report, they say. Attention now turns to the U.S. nonfarm payrolls report at 1230 GMT. Bitcoin rises 0.8% to $60,530, having reached a 21-month low of $57,775 on Wednesday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 03:08 ET (07:08 GMT)

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Attention now turns to the U.S. nonfarm payrolls report at 1230 GMT. Bitcoin rises 0.8% to $60,530, having reached a 21-month low of $57,775 on Wednesday, LSEG data show. 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