Bitcoin rebounds to $61,000 and Ether to $1,700 as soft US jobs data eases Fed rate hike expectations and spot ETF outflows reverse.
Macro & Markets ·
Bitcoin has rebounded to hold above $61,000 while ether maintained levels above $1,700, driven partly by softer-than-expected U.S. jobs data that reduced expectations for near-term Federal Reserve rate increases. The move coincided with a reversal in spot bitcoin ETF outflow patterns, ending a 10-day streak of withdrawals that had weighed on market sentiment heading into the U.S. Independence Day holiday period.
The timing of the rebound reflects how crypto markets have grown sensitive to macroeconomic signals—in this case, softer labor data easing concerns about sustained monetary tightening. The combination of eased rate-hike expectations and a stabilization in institutional ETF flows created conditions for the modest recovery in both flagship assets.
What remains unclear is whether the rebound represents sustained renewed demand or a temporary bounce ahead of the holiday break, and whether the shift in ETF flows reflects a broader change in institutional positioning or a shorter-term tactical adjustment.