Cooling Fed interest rate hike expectations drive Bitcoin, Ethereum, and gold to extend their rally.
2026.07.06 08:20:48
After Federal Reserve Chair Kevin Warsh indicated that inflation risks are easing, markets are betting the U.S. Federal Reserve will delay further interest rate hikes, pushing up prices of Bitcoin, gold, and silver. Meanwhile, the U.S. dollar has held steady for now; traders expect the greenback to remain strong ahead of the release of the Fed’s FOMC meeting minutes, as they wait for more monetary policy cues. According to HTX market data, as of press time, Bitcoin’s spot price is $63,640.1, up 0.93% in 24 hours; Ethereum’s spot price stands at $1,786.6, with a 24-hour gain of 0.4%. Per Bitget market data, spot gold trades at $4,172.2, a 1.21% increase in the last 24 hours.
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