Bitcoin rebounds to $60,000 and ether retakes $1,600 after Kevin Warsh says inflation risks have eased
Former Fed Chair Kevin Warsh said on a July 1 panel that inflation risks had eased, helping bitcoin return to $60,000 and ether move above $1,600. The same day, Blackrock and a group that includes Visa and Mastercard launched a new stablecoin, OUSD, challenging Circle’s USDC and sending Circle shares down 17% in a single session. On-chain data show whales added 270,000 BTC around the $59,000 zone in a week, a record, while corporate buyers such as Metaplanet continued accumulating bitcoin to 43,000 BTC. Glamsterdam’s testnet has entered the Devnet-5 phase, with mainnet targeted for Q3 2026.