Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin rebounds near $63,800 as weak US jobs data fuels hopes for Fed rate cuts.

Market News
04 Jun 2026
Crypto news
View Source
Neutral
pluang ai news

Bitcoin price recovered from a low near $61,550 to around $63,800 after US jobless claims exceeded expectations, suggesting the Federal Reserve might cut interest rates later this year. Despite the rebound, Bitcoin remains about 22% below its May peak and faces technical challenges, including a bearish rounding-top pattern signaling potential further declines toward $60,000 or lower. The weaker labor data has raised hopes for looser monetary policy, which typically benefits risk assets like Bitcoin, but rising energy costs and inflation concerns keep uncertainty high about the Fed's next moves.

More News (BTC)

Crypto markets face $1.2B liquidations as Bitcoin and Ethereum longs get squeezed amid volatility

Crypto markets face $1.2B liquidations as Bitcoin and Ethereum longs get squeezed amid volatility

Crypto markets experienced $1.2 billion in liquidations over 24 hours, driven mainly by Bitcoin and Ethereum long positions being squeezed amid high volatility. Bitcoin liquidations totaled about $778 million, Ethereum $400 million, with altcoins lik...

Market News
Bearish
4 hours ago
Bitcoin dipukul oleh rotasi modal $400 miliar ke AI, kata Michael Saylor dari Strategy.

Bitcoin dipukul oleh rotasi modal $400 miliar ke AI, kata Michael Saylor dari Strategy.

Michael Saylor dari Strategy menjelaskan penurunan harga Bitcoin baru-baru ini sebagai akibat dari rotasi modal global sebesar $400 miliar ke sektor infrastruktur AI dalam enam bulan terakhir. Rotasi ini menyebabkan aliran keluar sekitar $4 miliar da...

Market News
Bearish
5 hours ago
Trader Peter Brandt predicts Bitcoin may drop below $56,000 after breaking a key chart pattern.

Trader Peter Brandt predicts Bitcoin may drop below $56,000 after breaking a key chart pattern.

Veteran trader Peter Brandt forecasts that Bitcoin could fall to around $56,000, citing an expanding triangle pattern on the daily chart that typically signals a bearish move if broken downward. This pattern, common in Bitcoin's price history, sugges...

Technical Signals
Bearish
5 hours ago
Bitcoin tests $62K amid Middle East tensions, signaling market stress and volatility.

Bitcoin tests $62K amid Middle East tensions, signaling market stress and volatility.

Bitcoin is currently testing the $62,000 price level due to ongoing geopolitical tensions in the Middle East involving the U.S., Iran, and Israel. This situation is causing market stress and volatility as investors worry about potential disruptions t...

Market News
Bearish
6 hours ago
Tom Lee predicts ether could hit $250,000, a 50x jump, but math and current data challenge this forecast.

Tom Lee predicts ether could hit $250,000, a 50x jump, but math and current data challenge this forecast.

Tom Lee, chairman of Bitmine, forecasted ether could reach $250,000, valuing Ethereum at $30 trillion, driven by AI and corporate validators. However, this implies a 50-fold price increase and requires bitcoin to surge to $2-3 million or a drastic sh...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App