Bitcoin Extends Rally to $63,640, Up 0.93% on July 6 as Fed Rate Hike Bets Ease

BTC1.43%
ETH1.42%

According to BlockBeats, on July 6, after Federal Reserve Chair Kevin Warsh said inflation risks were easing, markets bet the Fed would delay further rate hikes, pushing Bitcoin and Ethereum higher. Bitcoin spot price reached $63,640.1, up 0.93% in 24 hours, while Ethereum spot price hit $1,786.6, up 0.4% in 24 hours, according to HTX market data.

Spot gold rose to $4,172.2, up 1.21% in 24 hours, according to Bitget data.

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