CoinEx Daily: Bitcoin Rebounds Above $63,000 on Softer Jobs Data and Easing Fed Pressure

Daily View

Bitcoin rebounded above $63,000 and stabilized after reversing late-June losses, with price action supported by a break in the recent streak of ETF outflows and signs of buyers defending key levels. Macro conditions were mildly constructive as softer U.S. jobs data and commentary that the urgency for further Fed tightening has eased helped rate expectations, while firm equities and a less threatening dollar backdrop reduced pressure on risk assets. Overall crypto market sentiment improved from last week’s caution but remained measured, with stronger positioning and renewed inflow interest offset by reports of rising exchange deposits that point to higher near-term volatility.