Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?
Cointelegraph 2026-07-03 00:01:01
Context: Bitcoin's price has stabilized at around $61,000, following the release of a weak US jobs data report that has eased fears of an imminent rate hike. This development has sparked hopes that investors may rotate their capital into Bitcoin and gold. The cryptocurrency market is closely watching to determine if this marks a bottom for Bitcoin's recent price fluctuations.
Key Facts
- The current price of Bitcoin is $61,000, a level that has been holding steady in the wake of the latest US economic data releases.
- Weak US jobs data has reduced the likelihood of a near-term rate hike, which in turn has bolstered the prospects for Bitcoin and other assets like gold.
- If Bitcoin's price can sustain its current momentum, bulls are eyeing a potential run towards the $70,000 mark, a level that would signal a significant recovery from recent lows.