Employment data disappoints, rate hike expectations cool, risk assets collectively rebound, 62500 becomes a key watershed.

View Original
CoinNetwork
Bitcoin broke through $62,000, rising over 4% from the beginning of the week, under the influence of weaker-than-expected U.S. employment data.
According to data from the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 57,000 in June, far below the 115,000 expected by economists.
The unemployment rate was 4.2%, slightly below the expected 4.3%.
The report triggered a rebound in risk assets, and market expectations for Fed rate hikes have adjusted accordingly. Polymarket data shows the probability of another rate hike in 2026 has fallen to 47%.
Analyst Ardi noted that Bitcoin is approaching a critical point; if it can regain the $62,500 level, it could change the market structure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned