Bitcoin Gains 2.2% on Weak Jobs, Slides from $93K to $60K
BTC•Bitcoin climbed 2.16% after June nonfarm payrolls rose just 57,000 versus 115,000 estimates, easing interest rate hike concerns. The cryptocurrency has slid from above $93,000 in January to around $60,000 at June’s close, marking a 21-month low and sparking varied July price forecasts.
1. BTC Reacts to June Nonfarm Payrolls
June’s nonfarm payrolls increased by only 57,000 jobs versus forecasts of 115,000, pushing unemployment to 4.2% and reducing odds of further rate hikes. Bitcoin surged 2.16% in response as investors rotated back into risk assets.
2. Year-to-Date Performance and July Outlook
BTC opened 2026 above $93,000 but fell to roughly $60,000 by June’s end, its lowest in 21 months. This steep decline has prompted divergent July price predictions, with some analysts anticipating stabilization and others forecasting continued downward pressure.
