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📊 Bitcoin rebounded from a 21-month low near $57,700 and rose above $60,000. Meanwhile, Ethereum returned to $1,600.
The day before, US Federal Reserve Chairman Kevin Warsh declined to hint at an interest rate decision at the upcoming meeting in late July, but noted the weak economic backdrop.
Investors estimate the probability of keeping the current rate unchanged at 70.6%. Meanwhile, 29.4% expect the rate to rise.
Other factors holding back the crypto market also remain. The yield on five-year US Treasury bonds rose to 4.22%, gold has fallen 12% in two months, and the dollar index has approached a yearly high.
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