Bitcoin Gains on Trimmed Fed Rate Rise Bets

Dow Jones07-06 19:31

1131 GMT - Bitcoin rises as last week's weaker-than-expected U.S. nonfarm payrolls data take the heat off interest-rate hike expectations for the Federal Reserve, Trade Nation's David Morrison says. Investors also responded positively to comments from Fed Chairman Kevin Warsh last week, acknowledging moderating inflation while maintaining a data-dependent policy approach, he says in a note. However, markets still see a high probability that the Fed will raise rates by 25 basis points before year end, he says. Attention now turns to the Fed's meeting minutes for June on Wednesday. Bitcoin rises 0.2% to $62,835 after reaching a two-week high of $63,926 overnight, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 06, 2026 07:31 ET (11:31 GMT)

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