Bitcoin rebounds to the $61,000 level as U.S. jobs slowdown eases rate concerns [Crypto Briefing]

[Financial News] Bitcoin rose to the $61,000 range on the 3rd. The move appears to reflect easing expectations for further interest rate hikes by the Federal Reserve System (Fed) after U.S. employment data came in weaker than expected.
According to CoinMarketCap, Bitcoin was trading in the $61,000 range at 1:40 p.m. that day, up 0.99% from the previous day on a 24-hour basis. Over the past week, Bitcoin has gained 2.52%.
Bitcoin is trading in the 92 million won range on the Korean won market. Based on Cryprice, the Korea premium stood at -2.14%.
Investor sentiment improved as the likelihood of an interest rate hike diminished. The United States Department of Labor said on the 2nd local time that nonfarm payrolls increased by 57,000 in June. That was far below the market consensus of 115,000, compiled by Dow Jones.
CoinMarketCap's Crypto Fear and Greed Index stood at 22 on the day, indicating "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $1,701 range, up 4.35% from the previous day. Ripple was trading in the $1.09 range, up 2.65%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter