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Bitcoin jumps over 4% past $62,000 as weak US jobs data dims Fed rate hike hopes.

Market News
02 Jul 2026
Crypto news
View Source
Bullish
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Bitcoin surged more than 4% to briefly surpass $62,000 following a weaker-than-expected U.S. jobs report that lowered market expectations for further Federal Reserve rate hikes this year. The U.S. economy added only 57,000 jobs in June, well below forecasts, prompting traders to reduce bets on additional tightening and increasing the likelihood that the Fed will keep rates steady in July. Analysts say Bitcoin must break above $62,500 to confirm a stronger recovery, though some caution the rally may be temporary. The market will watch closely as Bitcoin tests key technical resistance levels amid improving momentum indicators.

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