Bitcoin Holds Near $64,940 as July Jobs Losses Lift 56% Fed Pause Odds
Updated
Updated · Yahoo Finance · Aug 7
Bitcoin Holds Near $64,940 as July Jobs Losses Lift 56% Fed Pause Odds
3 articles · Updated · Yahoo Finance · Aug 7
Summary
$64,940 Bitcoin held most of Friday’s rally after briefly topping $65,300, leaving the token up 0.8% on the day and 2.8% over the past week.
A 23,000 drop in July U.S. payrolls and a 4.1% unemployment rate pushed futures markets to price roughly a 56% chance the Fed pauses on Sept. 16, supporting risk assets.
U.S. spot Bitcoin ETF inflows and continued whale accumulation added support, with BTC trading in a $64,100-to-$65,300 range over the past 24 hours.
Headwinds remain: Bitcoin is still about 48% below its $126,080 record, while regulatory uncertainty, BIP 110 hard-fork debate and a Coldcard exploit with more than $111 million in losses weigh on sentiment.