After one of its ugliest stretches in months, the crypto market is finally showing some green. Bitcoin has clawed its way back to around $62,000, up close to 4% over the past day, with ether climbing above $1,730 and most major tokens joining the bounce. It's a welcome change of pace after weeks that dragged Bitcoin to a 20-month low near $58,000.

The trigger came from an unexpected place: the US jobs report. Payroll growth slowed sharply in June, with only 57,000 jobs added, far weaker than expected. Normally soft jobs data is bad news, but for risk assets it did something useful. It cooled fears that the Federal Reserve would hike interest rates soon, and lower rate expectations tend to give assets like Bitcoin room to breathe. Crypto ended the week on firmer footing as that rate-hike risk receded.

Underneath the price action, a more interesting story has been building. Even as US spot Bitcoin ETFs suffered their worst month ever, bleeding around $4.5 billion in June, large holders were doing the opposite. So-called whales scooped up roughly $16.7 billion of Bitcoin in just two weeks. That kind of split, with funds selling while big buyers absorb everything on offer, has historically shown up near the bottom of past cycles. It doesn't guarantee anything, but it's the sort of divergence seasoned traders pay attention to.

There's also a shift happening in what's driving markets. For much of 2026, AI-linked memory and semiconductor stocks dominated investor attention. Now those stocks are losing momentum, raising the question of whether capital rotates back toward Bitcoin.

None of this means the storm is over. Options markets suggest traders aren't fully buying the bounce yet, and Bitcoin is still down sharply from its highs earlier this year. A move like this can just as easily fade as it can extend. But after weeks of relentless selling, the tone has clearly changed, at least for now.

This article is for informational purposes only and is not financial advice.

Crypto Bounces Back: Bitcoin Reclaims $62K as Rate-Hike Fears Ease

The crypto market remained under heavy pressure on Wednesday, with Bitcoin trading around $60,000 after sliding to a two-week low near $59,600 earlier in the session. The largest cryptocurrency has now fallen roughly 4.5% on the week and sits well below its late-May peak near $77,600.

The selling was broad. Ethereum dropped toward $1,600, Solana slipped near $67, and XRP fell to around $1.06, with most major tokens down between 3% and 6%. The fact that the entire market moved together points to a macro-driven risk-off mood rather than any single crypto problem.

The biggest weight is coming from the Federal Reserve. After its June 18 meeting, the Fed held rates steady but dropped its earlier signals of future cuts, taking a more hawkish tone. That has lifted the U.S. dollar to its strongest level in over a year and pushed bond yields higher — both headwinds for assets like Bitcoin that pay no yield. A renewed selloff in AI and chip stocks added to the pressure, as investors pulled back from riskier bets across the board.

Institutional demand has also cooled. U.S. spot Bitcoin ETFs have now seen a sixth straight week of net outflows, with withdrawals totaling roughly $5.9 billion. The Fear & Greed Index sits at 24, deep in "extreme fear" territory, and has stayed there for weeks.

There were small signs of stabilization late in the day. After chipmaker Micron beat earnings expectations, crypto-linked stocks such as Coinbase and Circle bounced in after-hours trading, and Bitcoin clawed back toward $60,500. Still, traders are watching the $59,000 area closely; some analysts warn a clean break could open the door toward $55,000, while reclaiming $65,000 would be an early sign the selling is easing.

This article is for informational purposes only and is not financial advice.

Crypto Market Slides: Bitcoin Tests $60K as Fear Grips Traders

Bitcoin dropped below $61,000 on Tuesday, trading near $61,000 as a fresh wave of selling in technology and chip stocks spilled into crypto for a second straight day. The move extends a slide that has now erased more than half of Bitcoin's value since it hit a record high near $126,000 in October 2025.

The pressure is coming largely from outside crypto. A renewed rout in semiconductor and AI-related shares has pushed investors out of riskier assets, with the Nasdaq 100 falling sharply, and Bitcoin has moved in step. Adding to the weakness, Deutsche Bank now expects two interest-rate hikes in 2026 — a reversal from earlier forecasts for cuts. Higher rates make speculative assets like Bitcoin less attractive compared with cash and bonds, removing a key pillar of institutional demand.

The pain has been acute for companies built around Bitcoin. Strategy, the largest corporate holder, has fallen for five straight sessions and is down more than 20% over the past week, after disclosing its first Bitcoin sale since 2022 — a move that shook its long-standing "never sell" identity.

Institutional demand through funds has also stayed weak. U.S. spot Bitcoin ETFs have now recorded a sixth consecutive week of net outflows, with total withdrawals climbing past $4.4 billion. Sustained redemptions tend to add steady selling pressure and signal that big buyers are on the sidelines.

Market sentiment has slipped into "extreme fear." Traders are now watching the $60,000 zone as the next major support; a clean break below could open the door toward $58,000, while reclaiming $62,000 would be an early sign that selling pressure is easing.

As always, sharp moves like this are not unusual for crypto, and conditions can change quickly.

This article is for informational purposes only and is not financial advice.

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Crypto Bounces Back: Bitcoin Reclaims $62K as Rate-Hike Fears Ease

Crypto Market Slides: Bitcoin Tests $60K as Fear Grips Traders

Bitcoin Drops Below $61K as Tech Selloff Deepens