Bitcoin held above $61,000 after weak US jobs data eased rate hike fears, potentially setting the stage for a push towards $70,000 as capital rotates into BTC and gold.
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 U.S. economy added only 57,000 jobs in June, a sharp slowdown that could temper market expectations for a Federal Reserve rate hike.
Bitcoin has maintained its position above the crucial $60,000 threshold, showcasing resilience amidst global market reactions to the Japanese Yen's surge.
Bitcoin has shown an unusually strong negative 52-week correlation of -0.90 with the USD/JPY exchange rate, undercutting 'carry trade' investment theories.
Bitcoin (BTC) dipped below $60,000 in Asian trading after the Japanese Yen plummeted to a 40-year low against the U.S. dollar, strengthening the greenback.
CoinDesk's June 29, 2026, outlook suggests that current U.S. Dollar and Treasury yield market positions could offer a glimmer of hope for Bitcoin.
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 is experiencing a downturn, mirroring sell-offs in gold and silver, as a hawkish Federal Reserve unwinds its role as a dollar hedge.
Bitcoin derivatives are signaling panic on June 25, 2026, but a weak Core PCE reading could trigger a market snapback for the cryptocurrency.
Goldman Sachs has revised its year-end gold price target downwards, signaling reduced expectations for aggressive interest rate cuts and impacting market sentiment.
The US Dollar Index (DXY) is on the cusp of a significant upward move, potentially signaling a challenging period for Bitcoin and broader crypto markets.
Signals from the bond market suggest that investor expectations for interest rate cuts may be cooling, potentially impacting Bitcoin's upward trajectory.
Bitcoin and Ethereum experienced price declines following the Federal Reserve's latest meeting, which signaled a hawkish outlook on inflation.
A deeper look at Bitcoin and S&P 500 valuations, adjusted for M2 money supply, reveals a potentially concerning trend for risk assets.
Bitcoin investors are closely watching the Bank of Japan's upcoming rate decision, as its outcome could significantly impact global risk assets.
Bitcoin and gold face potential headwinds as US inflation surpasses 4%, according to analysts like Markus Thielen from 10x Research.
Recent cryptocurrency outflows are a result of broader market sentiment shifts, not a fundamental flaw in the digital asset structure, according to CoinShares.
A potential surge in inflation could significantly impact Bitcoin's market performance, with analysts closely watching the critical **$60,000** support level.
A new analysis suggests that Bitcoin's recent price dip is primarily linked to rising US inflation data and subsequent ETF outflows, not inherent market strategy.
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.