Bitcoin’s price is hovering just above the $61,000 mark, up roughly 1.2 % since the last market close, while ether has climbed to about $1,744, a 6 % gain in the same period. These levels are important technical touchstones that have helped the two biggest coins maintain momentum as the U.S. calendar heads toward Independence Day.
The backdrop for this rebound is a surprisingly weak U.S. jobs report. Slower-than‑anticipated hiring growth has eased fears that the Federal Reserve will need to hike rates again, a factor that has traditionally weighed on risk assets. For retail investors, this means the macro‑environment is less hostile to crypto’s price action, at least in the short term.
Adding to the positive tone, spot ETFs that had been draining capital over the past ten days have now begun to pull back, indicating a brief reversal in institutional outflows. This shift is noteworthy because it suggests that some investors are re‑evaluating their exposure to Bitcoin and Ethereum, potentially providing a cushion for the price rally.
However, the overall market mood remains cautious. The fear‑greed index sits at 21, classified as “Extreme Fear,” and options data shows that many traders are not yet fully committing to the upside. Retail participants should keep an eye on the next Fed meeting, forthcoming employment data, and the evolving flow dynamics of spot ETFs. These factors will likely dictate whether the current bounce is a sustained trend or a temporary pause.