Bitcoin Stabilizes Above $61,000 as U.S. Jobs Data Alleviates Rate Concerns
Bitcoin remains steady at over $61,000, while ether stays above $1,700, following soft U.S. jobs data that reduces fears of interest rate hikes and ends a streak of ETF outflows.
As of July 3, 2026, Bitcoin is holding strong at $61,000, with ether also maintaining its position above $1,700. This stability comes in the wake of recent U.S. jobs data that appears to ease concerns regarding potential interest rate hikes by the Federal Reserve.
The soft jobs report has contributed to a more favorable outlook for the cryptocurrency market, allowing investors to regain confidence. Additionally, spot exchange-traded funds (ETFs) have broken a 10-day streak of outflows, signaling renewed interest in crypto assets.
Overall, the market seems to be finding its footing ahead of the U.S. Independence Day, with traders cautiously optimistic about the implications of the latest economic data.