Crypto World
Bitcoin pops to $63,900, then reverses, as week begins
Bitcoin touched $63,882 overnight before retreating to around $62,900, per CoinDesk data. The 24-hour high of $63,900 held briefly before sellers pushed it back down.
Thursday’s U.S. jobs report came in weaker than expected, giving liquidity-sensitive assets a lift heading into the weekend.
A weakening jobs market makes a Fed hike less likely and gradually shifts the backdrop that pushed ETF investors out of bitcoin through June. That process takes time, and one print does not flip the setup. The July 14 CPI release is the next data point that could either extend the relief or further cap an early-July rally.
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