Bitcoin (BTC +3.62%) rose 3.1% to $60,336.43, Ethereum (ETH +4.24%) rose 3.1% to $1,619.99, and Solana (SOL +6.87%) rose 6.2% to $77.74. As of early evening on July 1, Bitcoin had broken above the $60,000 after a volatile stretch, while Solana continued to forge ahead, putting it up 14.3% in the past week.

What’s driving crypto markets

Bitcoin showed signs of recovery today after Federal Reserve Chair Kevin Warsh spoke of lower inflation risks, though he reiterated his commitment to reducing inflation. Traders dialed back concerns about potential interest rate hikes, which may be enough to help Bitcoin and the wider crypto market turn the corner.

Crypto ETF snapshot

Bitcoin ETFs saw record monthly outflows in June, suggesting weakness in…