As of early evening on July 2, Bitcoin (BTC +1.17%) rose 2.0% to $61,297.68, Ethereum (ETH +4.34%) rose 5.0% to $1,696.07, and Solana (SOL +3.27%) rose 4.6% to $80.71.

What’s driving crypto markets

Yesterday’s comments from Federal Reserve Chair Kevin Warsh continued to buoy crypto markets today, as traders hoped easing inflation pressures might reduce the likelihood of rate hikes later this year. Bitcoin held above $61,000, giving holders hope that July might bring further recovery from June’s 21-month lows. Separately, Glassnode said long-term Bitcoin holders returned to net accumulation.

Crypto ETF snapshot

Money continued to move out of spot Bitcoin ETFs yesterday, with $296 million in total outflows. The iShares Bitcoin Trust lost…