Bitcoin advanced from $59,680 to $61,236, a gain of roughly $1,556 or 2.53% in 24 hours.A quiet day with one real catalyst. The June jobs miss drove the price advance and reduced near-term rate-hike odds, but nothing structural changed in positioning or ETF flows. Fear and Greed remains at 21, Extreme Fear, and price is still 8.9% below the 50-day SMA. Today is mostly noise with a macro footnote worth keeping.
June payrolls came in at only 57,000, well below expectations, reducing pricing for a near-term Fed rate hike and acting as the primary catalyst for Bitcoin's move to above $62,000 intraday.
Long-term holders shifted to net accumulation per Glassnode data, even as ETF outflows continued at a steady pace, a structural divergence that has historically preceded price recovery.
SBI Crypto announced it will shut down its Bitcoin mining pool, which holds roughly 2% of global hashrate, by July 31; miners must redirect hash before the cutoff, introducing a short-term redistribution of mining power.
Crypto Fear and Greed remains at 21 (Extreme Fear), five points above its 30-day average of 16, and price at $61,236 sits 1.79% below its 30-day mean, confirming the market has not yet repriced the macro relief.
Bitcoin's hashrate remains near 940 EH/s at record-range levels, and network fees are at 1 sat/vB across all tiers, reflecting a secure and uncongested network entering the second half of the post-halving cycle.
Market Snapshot
Market Cap
$1.23T
24h Volume
$39.76B
Dominance
55.7%
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