Bitcoin touched $63,882 overnight before pulling back to around $62,900, per CoinDesk data. The 24-hour high of $63,900 held briefly before sellers pushed it back down.
Thursday’s US jobs report came in weaker than expected, giving liquidity-sensitive assets a boost heading into the weekend.
A weakened job market makes a Fed hike less likely, gradually shifting the backdrop that pushed ETF investors out of bitcoin through June. That process takes time, and a single tap doesn’t reverse the setup. The CPI release on July 14 is the next data point that could either extend the relief or further limit an early July rally.
