Bitcoin price taps new July high above $62K on weak US jobs data
CoinTelegraph·
60-second summary
Bitcoin price surges to a new July high above $62,000, fueled by nearly 4% daily gains, as weak US jobs data supports an easing inflation policy from the Federal Reserve. This development boosts hopes for a dovish monetary stance, potentially benefiting the cryptocurrency market, where investors are eagerly awaiting the Fed's next move on interest rates.
Bitcoin took daily gains to nearly 4% on the second day of "green July" as US labor-market signals supported an easing inflation policy from the Federal Reserve.