The latest data from Yahoo Finance indicates that Bitcoin and Ethereum have both moved up on Thursday, July 2, following the release of June’s U.S. jobs report. Over the past 24 hours, Bitcoin has risen to $61,655, up 5.02 %, while Ethereum sits at $1,666.65, up 5.92 %. This uptick comes at a time when the market’s fear‑greed index sits at 19, classified as “Extreme Fear.” In other words, even though sentiment is on the lower end of the spectrum, the crypto market is still reacting positively to macro‑economic news.
For retail investors, the takeaway is that macro data can still drive crypto prices, even when overall market sentiment is low. A strong jobs report often signals a healthy economy, which can encourage risk‑taking in assets like Bitcoin and Ethereum. However, the volatility remains high, so traders should keep an eye on the next U.S. employment release and any statements from the Federal Reserve that could influence market direction.
Looking ahead, the crypto community will be watching how the next set of economic indicators—particularly the upcoming U.S. jobs report—affect sentiment. If the market continues to rally, it could signal a broader shift toward risk‑on behavior. Conversely, a slowdown in economic data might push the fear‑greed index higher, potentially leading to a pullback. Retail traders should stay alert to these developments and consider how they fit into their broader risk tolerance and investment horizon.