The price of Bitcoin rose above $60,000 on Wednesday, the level to which the asset had fallen during the past two weeks of turmoil, after Federal Reserve Chairman Kevin Warsh announced… He said At the central bank forum, the threat of persistent inflation has moderated.
The cryptocurrency was trading near $60,171 this afternoon, up about 2.7% on the day, with a 24-hour high of $60,474 and low of $57,718. Trading volume during the session reached $26.68 billion.
Warsh said in statements during the European Central Bank Forum in Sintra, Portugal, that inflation expectations in surveys and bond prices have declined. He accompanied this note with a warning that price growth remains too high and that the Fed will not accept inflation above its 2 percent target.
“We will work to stabilize prices,” Warsh said.
Markets read the balance as a tendency toward comfort. Bitcoin advanced as US stocks rose and the dollar retreated from a weekly high. A weak dollar tends to increase demand for Bitcoin and other risky assets.
The move provided a reprieve in a difficult year. Bitcoin is about 30% below where it started in 2026 and above $66,000. Under her record At $126,277, a slide that kept the bear market mark in sight. Its market value is approaching $1.2 trillion.
The strategy (MSTR) and Strive (ASST) jump more than 10% sometimes in intraday trading
Bitcoin treasury companies posted sharper gains. According to the strategy, shares of the software company-turned-bitcoin holder under Michael Saylor’s leadership rose nearly 7.5% on the day — with highs of 13% on the day. Strive stock jumped more than 10% at times to $12.02.
They both trade with leverage Agents As for Bitcoin, its volatility tends to exceed that of the currency. Strive spent 2026 building a treasury that now exceeds 16,000 BTC, and the stock is up more than 100% in three months.
Earlier this week, strategy Released A new digital credit capital framework raised the dividend on its STRC preferred stock to 12%, authorized up to $2 billion in stock buybacks, and created a bitcoin monetization program that allows limited sales of bitcoin for specific corporate purposes.
The company also established a $2.55 billion reserve to cover preferred dividends and debt interest, with board rules requiring at least 12 months of coverage at all times. The strategy said any bitcoin sales would be limited to replenishing reserves, financing dividends and interest when preferred to issuing shares, or financing share buybacks, while reaffirming bitcoin as its primary treasury asset.
