1220 GMT - Bitcoin rises as scaled back U.S. interest rate rise expectations provide support to risky assets. U.S. nonfarm payrolls data on Thursday were weaker than expected. Tempered speculation that the Federal Reserve could raise rates more than once before year-end improved sentiment toward bitcoin, Trade Nation's David Morrison says in a note. "Lower borrowing costs can often support risk-sensitive assets such as cryptocurrencies by improving liquidity conditions." Bitcoin trades up 0.8% at $62,062, having reached a one-week high of $62,128 Thursday, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 03, 2026 08:22 ET (12:22 GMT)
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