Bitcoin tops $61,000 as Fed chair signals easing inflation risks

Bitcoin surged more than 4% to trade above $61,000, its strongest level in over a week, after Fed Chair Kevin Warsh indicated that inflation risks had eased. The rally held despite a 7.9% plunge in South Korea's Kospi index driven by renewed AI chip concerns. The move marks one of bitcoin's sharpest single-day gains in recent weeks.