Bitcoin Holds Above $60,000 After June U.S. Jobs Report Misses Forecast

Bitcoin traded above $60,000 after rebounding from recent lows as the June U.S. jobs report came in weaker than expected. According to NS3.AI, the report showed 57,000 jobs added, below the 115,000 forecast. The unemployment rate fell to 4.2%, compared with expectations of 4.3%. Nic Puckrin said 3.5% year-on-year wage growth is negative for those anticipating a dovish pivot. Stephen Coltman said the jobs shortfall could be supportive for precious metals and cryptocurrencies if the Federal Reserve turns dovish later this year.