Crypto market rebounds as Bitcoin retakes $60,000 on July 2, 2026
On July 2, 2026, the crypto market rebounded, with total capitalization regaining nearly $5 billion in about 90 minutes. The move followed comments by former Federal Reserve Governor Kevin Warsh at the ECB Forum in Sintra that pointed to four straight quarters of AI-driven productivity gains, which he said could eventually give the Fed more room to cut rates. Bitcoin moved back above $60,000, up about 3%, while Ether gained more than 3% and Solana (SOL) rose 6.05% as XRP added 1.38%. The bounce came despite continued net outflows from spot Bitcoin ETFs, including a $212 million weekly outflow from IBIT, as shifting macro sentiment supported near-term trading momentum.