Bitcoin rose 1.28% to $60,729 on July 1, reclaiming the $60,000 threshold for a third consecutive session.
The digital asset’s tentative recovery comes as chip stocks, which had previously drained crypto liquidity, tumbled in the same period.
Bitcoin had lost the $60,000 level in June amid broader market declines but found temporary support earlier in the week.
The move follows softer comments from Federal Reserve officials, which provided a tailwind for risk assets.
Bitcoin had lost the $60,000 level in June amid broader market declines but found temporary support earlier in the week.
The rebound suggests some stabilization after a period of heightened volatility.
The divergence between crypto and semiconductors highlights shifting risk appetite.