Bitcoin Extends Gains After Fed's Warsh Dampens Rate Rise Bets

Dow Jones07-02

1118 GMT - Bitcoin rises to a one-week high as markets scale back expectations for interest-rate rises by the Federal Reserve slightly. The repricing comes after Fed Chair Kevin Warsh said Wednesday that inflation risks had eased. Markets responded to his comments by largely pricing out a July rate hike, though Warsh declined to offer forward guidance and reaffirmed the Fed's 2% inflation target, Nexo analyst Iliya Kalchev says in a note. "Today's [nonfarm] payrolls report will either reinforce or challenge that repricing." The data are due at 1230 GMT. Bitcoin rises 1.9% to as high as $61,323, according to LSEG. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 02, 2026 07:18 ET (11:18 GMT)

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