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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid rising concerns over economic cooling, U.S. employment figures arrived weaker than anticipated, triggering a rebound in Bitcoin and Ether. Bitcoin held firmly above the $61,000 level as the soft labor data led to a decrease in hawkish Federal Reserve interest rate expectations. According to reports, this macro shift effectively ended a 10-day streak of outflows from spot Bitcoin ETFs, signaling a return of institutional interest.
This recovery occurs at a pivotal moment for global markets, as historical trends show Bitcoin often reacts positively to labor market weakness that hints at potential rate cuts. Compared to other asset classes, cryptocurrencies saw renewed momentum as ETF selling pressure subsided, per market data. Sentiment was further bolstered by the Michigan Consumer Sentiment index, which rose to 49.5 on June 26, 2026, up from a previous 44.8, according to economic calendar data.
Traders are now watching Bitcoin's ability to maintain its position above the $60,000 psychological support level to sustain the current bullish momentum. With the upcoming Chinese Manufacturing PMI data due on June 30, 2026, the market may face additional volatility affecting risk appetite. Monitoring liquidity levels at the close of upcoming sessions will be critical to confirming a breakout above immediate resistance zones.
Update: Digital asset momentum was further strengthened by a strategic partnership between Uniswap and Robinhood, enabling direct crypto purchases via the app. This corporate catalyst, combined with receding U.S. rate-hike fears, has solidified trader confidence in the sustainability of the current crypto recovery heading into the weekend.