finance
Bitcoin briefly tops $63,000 after weaker U.S. jobs report before retreating
Bitcoin touched $63,882 overnight before pulling back to around $62,900. The move followed a softer-than-expected U.S. jobs report released Thursday.
cnbc.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Bitcoin climbed above $63,000 after the U.S. jobs report came in weaker than expected, CoinDesk reported. The cryptocurrency touched $63,882 overnight and reached a 24-hour high of $63,900 before retreating to around $62,900.
The data release on Thursday eased pressure on rate-sensitive assets heading into the weekend. A softer jobs market reduces the likelihood of a Federal Reserve rate increase, CoinDesk reported. Bitcoin later clawed back above $63,000, though the gain faded as sellers stepped in.
The next scheduled data point is the July 14 CPI release, which could extend the relief or limit further gains.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
