Bitcoin Spikes as Kevin Warsh Flags Inflation Concerns; Ethereum, XRP, Dogecoin Also Gain: Popular Analyst Says 'Market Bottom Is Here'
Leading cryptocurrencies ticked higher on Wednesday, while stocks retreated, as Federal Reserve Chair Kevin Warsh called inflation “too high.” Bitcoin broke past $61,000 in the evening, only to get rejected and drop back to $59,000. With trading volume spiking 11% over the past day, the struggle between bulls and bears continued.