Bitcoin is currently trading at $62,446, reflecting a 24-hour increase of approximately 1.3%. This recovery comes as Bitcoin pushes toward the $62,000 level following comments from Fed Chair Kevin Warsh suggesting that inflation risks have eased, which sparked a rally in Bitcoin and gold. However, the market remains volatile, with Citi slashing 12-month price targets for Bitcoin and Ether due to stalling U.S. legislation and weak ETF demand.

In political news, financial disclosures reveal that President Donald Trump earned over $1 billion from cryptocurrency ventures in his first year back in office, with some reports citing gains as high as $1.4 billion. While Trump denies conflicts of interest, critics point to the timing of his profits relative to the loosening of industry regulations. Meanwhile, the EU's MiCA regulation has reached a critical July 1 deadline, leading to licensing challenges for major firms like Binance.

• Bitcoin climbed above $60,000 and $61,000 following dovish signals from the Federal Reserve.
• Donald Trump reported personal revenue of $2.2 billion in 2025, with a significant portion stemming from crypto ventures.
• The EU is reviewing the MiCA rulebook as the July 1 deadline passes, with many providers in Spain lacking the necessary licenses.