Bitcoin Surges Past $61,000 as Inflation Fears Ease
Bitcoin climbed above $61,000 as cooling inflation sentiment boosted risk appetite across crypto markets.
Bitcoin punched through $61,000 in a move that caught a lot of sidelined traders off guard. The catalyst? Softening inflation fears. When the market stops worrying about the Fed breathing down its neck, risk assets get room to run — and crypto tends to sprint.
This kind of price action is what momentum traders live for. A clean break above a psychological level like $61K signals that buyers are in control, at least for now. If you've been waiting for confirmation before re-entering, the market just handed you a flare.
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The inflation narrative has been the single biggest headwind for Bitcoin over the past two years. Every hot CPI print sent crypto into a tailspin. A cooler read — or even just less panic about future prints — flips that script fast. Bitcoin doesn't need inflation to collapse; it just needs the fear to ease.
What this means for your portfolio: momentum is your friend right now, but don't get sloppy. Macro conditions can reverse quickly, and Bitcoin has a habit of humbling overconfident bulls. Watch key resistance levels above $61K — how price behaves at those levels will tell you everything about whether this rally has real legs or is just a short squeeze.
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