Chainlink (LINK) trades at $8.69 as weak bullish momentum meets strong US jobs data. Key whale wallets with +1M LINK rose 25% to 125, but technicals suggest a 10% decline to $7.81 support, with further downside to $6.5 if broken.
Chainlink's LINK edges up 0.8% to $8.69, but technicals suggest a 10% drop to test $7.77 support. Whale wallets reach 125 despite strong US jobs data dampening rate cut hopes, creating a tug-of-war between accumulation and macro pressure.
Bitcoin surged nearly 4% on July 2, tapping $62,000 for the first time in July. The rally follows weak US labor market data, reinforcing market expectations that the Federal Reserve will adopt a more accommodative inflation policy. This marks a shift in sentiment after weeks of selling pressure.
The US nonfarm payrolls came in weaker than expected for June, alleviating fears of further rate hikes. Capital is rotating from AI sectors into Bitcoin and gold. Bitcoin holds support at $61K, with bulls likely testing $70K if macro conditions remain favorable.
Bitcoin surged nearly 4% on July 2 to break above $62,000, reaching a new July high. The rally was driven by weaker-than-expected US jobs data, which reinforced expectations that the Federal Reserve will ease inflation-fighting policies. The move extends the 'Green July' trend with strong volume support.
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.
Bitcoin surged nearly 4% on July 2, breaking above $62,000 to hit a new July high. Weak US labor market data reinforced expectations that the Federal Reserve will ease its inflation policy, providing a boost to risk assets like Bitcoin.
Bitcoin surged to a new July high above $62,000 on July 2, posting daily gains of nearly 4%. The rally was driven by weaker-than-expected US labor market data, reinforcing expectations that the Federal Reserve may ease its inflation-fighting policy. This marks the second day of 'green July' as crypto market sentiment continues to recover.
