Bitcoin price shows resilience above $60,000 amid renewed US-Iran hostilities
Bitcoin has avoided a deeper break, but rising oil prices are reviving rate concerns that could pressure risk assets.
Read macro-driven crypto news linking Bitcoin and digital assets to rates, inflation, liquidity, geopolitics, and global markets.
Bitcoin's bounce from a 21-month low rests on a single weak jobs report, and Wednesday's Fed minutes will show whether officials share the market's doubts.
Weak jobs, a softer dollar, and easing Iran-shock pressure put Bitcoin’s $60,000 reclaim on a direct path toward next week’s CPI test.
Weak US jobs data gave Bitcoin bulls a reason to chase the rebound, but options traders are still paying for downside protection as the long weekend turns $66,000-$68,000 into the rally’s next trap zone.
A $223 million inflow into spot Bitcoin funds offered relief to crypto markets after softer labor data reduced immediate pressure from rate expectations.
Bitcoin’s move back above $60,000 puts the market’s liquidity thesis on trial after a soft payrolls print, as traders weigh rate-cut odds, real yields, and holiday-thinned momentum into the long weekend.
Stablecoin supply dropped to $312 billion in Q2, while transaction counts and organic transfer volume also declined.