Bitcoin Rebounds Above $60K After Hitting $57.7K Low, ETH Up 10%

BTC1.20%
ETH4.94%
According to QCP Capital, Bitcoin fell to approximately $57,700 on July 3 before rebounding above $60,000 following weaker-than-expected U.S. non-farm employment data. Ethereum displayed stronger momentum, reclaiming the $1,700 level with a near 10% bounce from mid-week lows. Bitcoin spot ETFs recorded $224 million in net inflows, ending six consecutive trading days of outflows. The options market digested earlier panic, with short-dated implied volatility declining and the term structure returning to contango, marking a shift in market sentiment.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments