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Bitcoin Stabilizes Above $61K, Ethereum Tops $1,700 Ahead of U.S. Independence Day

2026-07-03 12:00:57

BTC0.76%

ETH2.00%

According to The Block, Bitcoin stabilized above $61,000 and Ethereum surged to above $1,700 ahead of the U.S. Independence Day holiday on July 4, extending the previous day's rebound. The rally was triggered by weaker-than-expected U.S. non-farm payroll data, which cooled market expectations for further Federal Reserve tightening and renewed demand for risk assets. Option market volatility notably declined, with short-end implied volatility retreating from elevated levels to the high-30 range.

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