Bitcoin Rebounds Past $62k Amid Fed Dovish Signals

Bitcoin has aggressively recovered, trading at $62,545 after surging nearly 20% in the last 24 hours. This price action brings BTC above the critical $60,000 support level for the first time in over a week, driven by comments from Fed Chair Kevin Warsh signaling that inflation risks are easing.

The positive sentiment has lifted the broader crypto market, with Solana and Ethereum posting significant gains as investors bet on a liquidity-driven rally following weak U.S. jobs data. The jump has also led to a short squeeze, with bearish traders losing significant capital as the market shifts towards a risk-on environment.