Bitcoin Rises Further After Weak U.S. Payrolls Data
Dow Jones07-02 21:05
0905 ET - Bitcoin rises further to reach a new one-week high after U.S. nonfarm payrolls data came in weaker than expected, reducing the case for interest rate rises. Payrolls rose 57,000 in June, below the 117,000 forecast by economists in a WSJ survey. While the unemployment rate unexpectedly fell to 4.2%, the payrolls print gives traders enough reason to believe the Federal Reserve could keep interest rates on hold or even resume rate cuts if the labor market weakens further, Monaxa's Petros Pantzari says in a note. Bitcoin rises to as high as $61,540 after the data from $61,212 beforehand. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 02, 2026 09:05 ET (13:05 GMT)
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