# Weak jobs report kills rate-hike fears — Bitcoin breaks back above $60K on the news

_AI-generated trading idea · LONG · BTC, ETH, SOL_

> Canonical page: https://commonquant.ai/research/for-you/weak-jobs-report-kills-rate-hike-fears-bitcoin-breaks-back-a--4e44e952-1fd3-48cc-95fe-30e4ee89a5a5

The June jobs report was shockingly weak, which means the Federal Reserve is unlikely to raise interest rates further. With the rate-hike threat fading, crypto is catching a bid as larger buyers quietly accumulate.

## Idea

The June jobs report showed a sharp slowdown in hiring (only 57,000 jobs added), which rapidly cooled market expectations for a summer Fed rate hike. Lower interest rates are historically bullish for risk assets like Bitcoin, which had been suppressed by rate-hike fears. We are seeing this thesis confirm as Bitcoin rebounded above $61,000; notably, large long-term holders are accumulating even as ETFs see outflows. This combination of fading macro pressure and underlying demand creates a strong setup for a continuation upward.

## What happened since

- **BTC** · LONG · T+1 0.8805% · T+5 -0.4682%
- **ETH** · LONG · T+1 1.2391% · T+5 -0.8924%

_Price changes since publication; updated 2026-07-12T03:12:14.873439+00:00._

## Key details

- Symbols: BTC, ETH, SOL
- Timeframes: H4, D1
- Tags: \#crypto, \#macro, \#rate\_sensitive

## Community

- Upvotes: 3
- Views: 6
- Copies: 0
- Cosigns: 0

## News sources

- [Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000](https://www.coindesk.com/markets/2026/07/02/ether-solana-dogecoin-in-the-green-after-warsh-comments-push-bitcoin-above-usd60-000) — CoinDesk
- [U.S. payroll growth slowed sharply in June, with only 57,000 jobs added](https://www.coindesk.com/markets/2026/07/02/u-s-payroll-growth-slowed-sharply-in-june-adding-only-57-000-jobs) — CoinDesk
- ['Accumulation beneath the surface': Bitcoin rebounds above $61,000 as long-term holders accumulate amid steady ETF outflows](https://www.theblock.co/post/407020/accumulation-beneath-the-surface-bitcoin-rebounds-above-61000-as-long-term-holders-accumulate-amid-steady-etf-outflows) — The Block

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