Bitcoin Price Reclaims $60K as Strategy and Strive Stocks Jump Over 10%

Bitcoin (BTC) climbed back above the psychologically important $60,000 level, offering investors a temporary reprieve after weeks of relentless selling pressure that pushed the world’s largest cryptocurrency into a deep correction.

The recovery also reignited momentum across Bitcoin treasury stocks, with Strategy (MSTR) and Strive Asset Management (ASST) posting double-digit intraday gains as equity investors rushed back into leveraged Bitcoin exposure.

The rally came after comments from Federal Reserve Chair Kevin Warsh eased concerns that inflation would remain stubbornly elevated, improving sentiment across risk assets.

However, despite the rebound, Bitcoin remains roughly 30% below its opening price for 2026 and more than 50% beneath its all-time high of $126,277, underscoring that the broader market remains firmly in a corrective phase.

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Federal Reserve Comments Spark Relief Rally Across Bitcoin and Risk Assets

The catalyst behind Bitcoin’s latest rebound was a shift in macroeconomic sentiment following remarks by Federal Reserve Chair Kevin Warsh during the European Central Bank’s annual forum in Sintra, Portugal.

Warsh acknowledged that both inflation expectations and market-based pricing pressures have moderated in recent months while reiterating the Fed’s commitment to restoring inflation to its 2% target.

Markets interpreted the comments as less hawkish than previously feared, leading investors to reduce expectations for additional monetary tightening.

The resulting decline in the US dollar provided immediate support for risk assets.

Bitcoin rose by approximately 2.7% during the session to trade around $60,170 after briefly touching an intraday high near $60,475. Trading volumes climbed to roughly $26.7 billion as buyers returned following several weeks of heavy selling.

The move, however, appears to be driven more by positioning than by fresh institutional demand. Recent months have seen leverage steadily decline across derivatives markets, while many short sellers were forced to cover positions as Bitcoin reclaimed key resistance levels.

The rally therefore resembles a classic relief bounce fueled by short covering and oversold conditions rather than the beginning of a sustained bullish trend.

Strategy and Strive Outperform as Bitcoin Treasury Stocks Regain Momentum

Bitcoin treasury companies amplified the cryptocurrency’s gains, highlighting their continued role as leveraged vehicles for investors seeking Bitcoin exposure through traditional equity markets.

Strategy, led by executive chairman Michael Saylor, surged as much as 13% intraday before trimming some gains to trade roughly 7% higher. The company continues to strengthen its corporate Bitcoin strategy after unveiling a comprehensive Digital Credit Capital Framework earlier this week.

Among the key initiatives, Strategy increased the dividend on its STRC preferred shares to 12%, authorized up to $2 billion in share repurchases, and introduced a controlled Bitcoin monetization program that would permit limited BTC sales only under specific corporate circumstances.

LATEST: 📈 MSTR shares closed up 12.6% after Strategy announced a sweeping new digital credit capital framework that includes up to $1.25B in Bitcoin sales and two $1B stock repurchase programs. pic.twitter.com/NlqZXdkOcs

— CoinMarketCap (@CoinMarketCap) June 29, 2026

The company also established a $2.55 billion US dollar reserve designed to cover debt obligations and preferred dividends for at least twelve months, reinforcing its commitment to keeping Bitcoin as its primary treasury reserve asset.

Meanwhile, Strive outperformed even Strategy, climbing more than 10% intraday. The company has rapidly emerged as one of the largest corporate Bitcoin holders after accumulating more than 16,000 BTC throughout 2026.

Its aggressive accumulation strategy has helped propel ASST shares more than 100% higher over the past three months, despite Bitcoin’s broader correction.

Both stocks continue to trade with significantly higher volatility than Bitcoin itself, making them attractive to investors seeking amplified exposure during periods of sharp market swings.

Technical Picture Remains Fragile Despite Reclaiming $60,000

Although reclaiming the $60,000 threshold represents an important psychological victory for bulls, Bitcoin’s broader technical structure remains fragile.

The cryptocurrency recently broke below the $63,000 support level, confirming a continuation of its medium-term descending channel. This pattern reflects persistent selling pressure, with investors consistently accepting lower prices to exit positions, a classic characteristic of bearish market structure.

Momentum indicators remain mixed. The MACD continues to generate a broadly neutral reading, while the Relative Strength Index sits near 42, indicating that Bitcoin has recovered from deeply oversold conditions but still lacks strong bullish momentum.

Williams %R continues to flash a sell signal, suggesting upside conviction remains limited.

Bitcoin technical analysis — Bitcoin is in a falling trend channel in the medium-term. | Credit: InvestTech

Perhaps more concerning are the structural headwinds facing the market. Spot Bitcoin ETFs recorded approximately $4.5 billion in net outflows during June, marking one of the largest monthly withdrawals since their launch.

Those redemptions reduce institutional buying pressure and require ETF issuers to liquidate underlying Bitcoin holdings.

At the same time, uncertainty surrounding US crypto legislation, including delays surrounding the CLARITY Act, continues to weigh on investor confidence, while options positioning around the $60,000 strike price could contribute to heightened volatility through dealer hedging activity.

For Bitcoin to transform this rebound into a sustainable recovery, institutional demand will likely need to return alongside improving regulatory clarity and stronger participation in derivatives markets.

Until then, rallies above $60,000 may remain vulnerable to renewed selling pressure as the broader bear market continues to dominate price action.

Bitcoin Price Reclaims $60K as Strategy (MSTR) and Strive (ASST) Stocks Rebound

Federal Reserve Comments Spark Relief Rally Across Bitcoin and Risk Assets

Strategy and Strive Outperform as Bitcoin Treasury Stocks Regain Momentum

Technical Picture Remains Fragile Despite Reclaiming $60,000

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