
Bitcoin Breaks $62K on Weak US Jobs Data, Fuels Dovish Fed Hopes
Bitcoin surged past $62,000 today, marking a new July high, as weak US jobs data fueled expectations of an easing monetary policy from the Federal Reserve.

Bitcoin surged past $62,000 today, marking a new July high, as weak US jobs data fueled expectations of an easing monetary policy from the Federal Reserve.

The week of **June 29** is set to be pivotal for the crypto industry, featuring the implementation of Europe's **MiCA** regime and the **U.S. jobs report**.

Bitcoin swiftly recovered above $61,000 after a sharp overnight dip to $59,227, triggered by a strong jobs report that also impacted traditional financial markets.

Strong U.S. job growth has intensified expectations for further Federal Reserve interest rate hikes, creating a new headwind for Bitcoin and the broader cryptocurrency market.

The upcoming week brings significant events for the crypto sector, including the return of the U.S. Congress, crucial regulatory comment period closures, and the release of the latest jobs report.