Bitcoin price climbed to a fresh July high on July 2, breaking above the $62,000 mark with a daily gain of nearly 4%. This marks the second consecutive day of gains in what traders are calling 'Green July.' The rally was triggered by weaker-than-expected US employment figures, which strengthened the case for the Federal Reserve to adopt a more accommodative stance on inflation. As a result, risk-on assets including cryptocurrencies saw increased buying pressure. The move underscores growing market confidence in a looser monetary policy environment.
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