Bitcoin rises, influenced by the weak U.S. employment data suppressing bets on interest rate hikes.

date
03/07/2026
After weaker than expected employment data in the United States, Bitcoin reached a weekly high on Thursday and then further increased. Data released on Thursday showed that non-farm payrolls increased by 57,000 in June, well below the economists' forecast of 115,000. This data prompted the market to lower expectations of a Fed rate hike, boosting risk appetite. According to data from the London Stock Exchange Group, Bitcoin rose 0.2%, to $61,662, after hitting a high of $62,128 on Thursday.