Crypto Daybook Americas: Bitcoin Tops $110K as Jobs Report Looms
Bitcoin reached $110,000 for the first time since June 11, closing in on its all-time high of $112,000. Bitcoin dominance has dipped slightly but remains above 65%, with a market cap of $2.2 trillion. Today's focus is on the U.S. jobs report, with expectations of a modest increase in nonfarm payrolls by 110,000 and a rise in the unemployment rate to 4.3%. This report, released early due to the July 4 holiday, could affect trading volumes. Analysts suggest that if labor data weakens, a potential Federal Reserve rate cut could stimulate further interest in Bitcoin. Current market indicators show that major players are observing trends closely, as recent capital inflows and macroeconomic uncertainties shape future price movements. The upcoming days are crucial for confirming the market's next major trend. Additionally, various economic events and governance proposals are set to unfold in the coming weeks, influencing the broader crypto landscape.
Source đź”—