Gate Research: Soft U.S. Payrolls Cool Rate-Hike Bets, BTC Reclaims $61K as MAGMA Leads Gainers

• Market Commentary: On July 3, softer-than-expected U.S. June payrolls reduced market expectations for near-term rate hikes, helping BTC recover above $61,000 and ETH rebound toward $1,700, while major altcoins broadly followed higher. As of 00:41 (UTC) on July 3, the Crypto Fear & Greed Index stood at 21, showing that sentiment remained in Extreme Fear even as prices began to repair.
• Hot Tokens: On Gate's 24-hour gainers board, among tokens with market caps above $10 million, MAGMA ranked first with a 40.48% gain, followed by QANX at 22.49% and GPS at 20.08%. This suggests that beyond the rebound in majors, capital has started rotating toward high-beta mid- and small-cap themes.
• Alpha Insights: U.S. June payrolls rose by only 57,000, easing part of the macro pressure on risk assets; in equities, the Dow hit a new record high while the Nasdaq pulled back, highlighting continued structural divergence in risk appetite; meanwhile, gold rose to $4,138.16, showing that markets are still allocating to both defensive and high-elasticity assets, which makes the current move look more like a repair phase than a full reversal.

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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 3, 2026

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