Bitcoin, Ethereum, XRP and Dogecoin jump after June payrolls rise 57,000, cooling Fed hike expectations
AI Market Summary
Softer U.S. June jobs growth lowered rate-hike expectations, supporting risk appetite: equities pushed to record levels while crypto bounced, with BTC and ETH advancing alongside large short liquidations (~$460m). Derivatives positioning stayed net long but trimmed, and rising BTC open interest signals active leverage. CryptoQuant flags heightened volatility risk if key technical levels fail, amid larger average deposits suggesting whale-driven flows.
Impact level
● High
Affected assets
BTC/USDT+2.17%
AI Insight · BTC/USDTAI Insight
● Neutral
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U.S. nonfarm payrolls rose by just 57,000 in June, well below the 110,000 forecast, while the jobless rate edged down to 4.2%. Markets responded by cutting the probability that the Federal Reserve will keep rates unchanged in September to 45%. Major U.S. stock indexes rose, with the Dow finishing at a record 52,900.07, the S&P 500 slightly higher and the Nasdaq modestly lower. The data shift directly reset rate expectations and served as a near-term trading catalyst for equity benchmarks.
