# Weak jobs report kills rate hike fears — Bitcoin and bonds rally together

_AI-generated trading idea · LONG · BTC, IBIT_

> Canonical page: https://commonquant.ai/research/for-you/weak-jobs-report-kills-rate-hike-fears-bitcoin-and-bonds-ral--6674b5ca-fb14-4853-92a2-b435d2c0adb2

The latest jobs report was shockingly weak, which paradoxically helped both bonds and Bitcoin. With the economy slowing down, investors believe the Federal Reserve will stop raising interest rates, making riskier assets like crypto more attractive.

## Idea

The June jobs report showed only 57,000 new positions, far below the expected 115,000. This instantly killed market expectations for a Fed rate hike, causing a massive bond rally as yields dropped. Cryptocurrencies thrive when borrowing costs are expected to stay low, and the news immediately pushed Bitcoin firmly above $61,000. By combining the weak labor data with the bond market rally, we have a clear macroeconomic signal that the central bank is done tightening, which historically provides a massive tailwind for digital assets.

## What happened since

- **BTC** · LONG · T+1 0.8047% · T+5 0.1552%

_Price changes since publication; updated 2026-07-12T03:12:14.278793+00:00._

## Key details

- Symbols: BTC, IBIT
- Timeframes: D1
- Tags: \#crypto, \#macro, \#rates

## Community

- Upvotes: 1
- Views: 3
- Copies: 0
- Cosigns: 0

## News sources

- [Bonds Rally as Weak Jobs Report Dims Fed Rate-Hike Expectations](https://www.bloomberg.com/news/articles/2026-07-02/bonds-rally-as-weak-jobs-report-dims-fed-rate-hike-expectations) — Bloomberg
- [U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2%](https://www.cnbc.com/2026/07/02/jobs-report-june-2026-.html) — CNBC
- [Crypto bulls on firmer footing as U.S. rate-hike risk recedes](https://www.coindesk.com/markets/2026/07/03/crypto-bulls-on-firmer-footing-as-u-s-rate-hike-risk-recedes) — CoinDesk

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