Bitcoin Holds $61K as Weak US Jobs Data Eases Rate Hike Fears; AI Sector Weakness Raises Bottoming Question

News Editor

2026-07-03 00:01:01

On July 3, weaker-than-expected US employment data alleviated market concerns about further rate hikes, prompting capital rotation from the AI sector into Bitcoin and gold. BTC stabilized above $61K, with bulls eyeing a potential run at $70K.

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The U.S. jobs report released on July 3 came in below expectations, reducing the urgency for the Federal Reserve to continue raising interest rates and boosting market risk appetite. Bitcoin (BTC) found support above $61,000, with clear signs of capital rotation: the AI sector showed relative weakness, while BTC and gold became primary beneficiaries of capital reallocation.

Bitcoin Holds $61K as Weak US Jobs Data Eases Rate Hike Fears; AI Sector Weakness Raises Bottoming Question 2

Analysts suggest that if the macro environment remains accommodative, Bitcoin bulls could once again challenge the $70,000 resistance level. Whether this move confirms a bottom for BTC will depend on sustained capital inflows and subsequent policy signals.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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