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CryptoMediumUpdated×3•Originally published 2 July 2026•Updated 3 July 2026•
1 min read

Bitcoin Holds $61,000 as Weak Jobs Data Eases Rate Fears; Analysts Eye Capital Rotation

Key Facts

1Bitcoin price reclaimed levels above $61,000 driven by accumulation from long-term holders.
2Reports from Glassnode and Bitfinex highlighted underlying buying activity despite persistent ETF outflows.

In a shift driven by macroeconomic shifts, Bitcoin price maintained its stability above the $61,000 level supported by weaker-than-expected US jobs data. This data release effectively eased investor concerns regarding potential interest rate hikes by the Federal Reserve, creating a supportive backdrop for risk assets. According to analyst reports, this resilience reflects a pivot in market sentiment regarding the trajectory of US monetary policy.

Coinciding with the labor market cooling, experts are monitoring a potential rotation of capital out of the AI sector, which has faced recent pressure, into alternative investments like Bitcoin and gold. This trend emerges as MicroStrategy (MSTR) trades near $1,450 and Coinbase (COIN) at $225 per market data. Historical search data suggests that periods of technology sector weakness often prompt investors to seek hedges in digital or traditional safe havens.

Traders should monitor Bitcoin liquidity levels, which stood at $61,240 (July 2, 2026). Looking at the economic calendar, upcoming Federal Reserve official speeches and US inflation data remain the primary catalysts that could dictate the next price move, especially as the market keeps a close eye on the $60,000 psychological support level.

Latest Updates · 1

  1. Notable·

    Update: Bitcoin bulls are now eyeing a potential run toward the $70,000 level, fueled by growing sentiment that the cryptocurrency has established a local price bottom. This optimism emerges as correction pressures fade and investors seek strategic entry points ahead of a potential upward trend.