The latest U.S. jobs report for June has sparked a modest rally in the two biggest cryptocurrencies. Bitcoin is hovering around $61,655, up a little over 5 % from the previous day, while Ethereum sits near $1,667, posting a similar gain. The uptick comes as investors digest the headline that employment growth has slowed, a development that some market watchers interpret as a potential sign that the Federal Reserve may ease its tightening stance.
Even with the price lift, the fear‑greed meter remains in the “Extreme Fear” zone, reading 19. This tells us that while the market is reacting positively to the jobs data, overall sentiment is still cautious. Retail traders should therefore treat the rally as a short‑term response rather than a long‑term trend shift, and remain prepared for quick reversals