Bitcoin rose back above the $60,000 level on Wednesday following remarks by Federal Reserve Chair Kevin Warsh on easing inflation risks. The move came after softer U.S. jobs and factory data reduced concerns over rate hikes.
Bitcoin climbed above $60,000, gaining more than 2 percent over the prior 24 hours, according to CoinDesk Data. The price recovery followed comments by Fed Chair Kevin Warsh at the European Central Bank's annual forum in Sintra, Portugal.
Warsh said inflation risks have come down while reaffirming the central bank's 2 percent target. He noted that artificial intelligence-driven investments could expand the economy's productive capacity, though he said it was too early to judge effects on monetary policy.
Warsh declined to offer guidance on the next interest-rate decision, stating that policymakers would review data at their meeting in four weeks. Other central bankers at the panel, including European Central Bank President Christine Lagarde, expressed similar views on moving away from explicit forward guidance.
