Bitcoin and altcoins bounce back to $61K as weak jobs data boosts rate bets and ETF inflows

Crypto prices rose after a weak U.S. jobs report, with Bitcoin reclaiming the $61,000 level. CoinTribune reported a broad rebound in both Bitcoin and altcoins following the data release. Multiple outlets said the employment report showed 57,000 new jobs versus 115,000 expected, contributing to the move ^{[1] [2] [3]}.

The rally was also linked to expectations around Federal Reserve policy and renewed demand for Bitcoin products. Blockonomi said market probability for a Fed rate increase this year fell to 50% from 54% after the jobs figures, while also citing net inflows into U.S. spot Bitcoin ETFs totaling $221.7 million on July 2 after a 10-session outflow streak. CaptainAltcoin similarly tied the positive move to Bitcoin reclaiming $61,000 alongside ETF inflow-related improvement and broader market stabilization ^{[2] [4]}.

As traders digested the U.S. employment data, Bitcoin and the wider crypto market rebounded, with ETF inflows and shifting rate expectations cited as key factors in contemporaneous coverage ^{[1] [2] [4]}.