BREAKING 💥

Bitcoin just reclaimed $60,000.
BTC up 3%, adding $36 billion in market cap. ETH up 3.3%, adding $6.6 billion. The entire crypto market has added $50 billion in 90 minutes.
The catalyst is Kevin Warsh speaking at the ECB Forum in Sintra right now.
He reiterated that inflation is still too high and the Fed will deliver price stability. But then he dropped the line markets were waiting for. He pointed to four straight quarters of AI-driven productivity gains and said if that trend continues, it opens the door to rate cuts.
That single sentence is what flipped the tape.
The market is not reading Warsh as dovish. It is reading him as conditionally less hawkish, and in a week where chips got destroyed and Bitcoin hit a 21-month low, that was enough.
One sentence from the Fed Chair. $50 billion added to crypto in 90 minutes.
This is what a rate-sensitive market looks like when it is sitting at maximum fear.