Finance News

Story: Bitcoin Climbs to $63,700 as Fed Minutes and Jobs Data Loom Large

By Julie Binoche

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Fed Minutes, Jobs Numbers, and a New Chairman. The week's calendar is dense, and each release carries real weight.

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Labor Market Cracks and the $80 Trillion Stock Market. Here's the number that's probably getting underplayed: full-time U.S.

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What Traders Are Actually Watching. The Fed minutes on Wednesday are basically the main event.

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Bitcoin hit $63,700 Monday morning, capping a 2.7% weekend gain that has traders watching a packed week of U.S. economic data.

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Ether is probably the bigger story right now. It jumped 14% over the past week and is closing in on $1,800, a move that's hard to ignore when Bitcoin's own weekly gains look…

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The week's calendar is dense, and each release carries real weight. Monday kicks off with the June S&P Global Services PMI, a snapshot of service-sector activity that often…

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These aren't just any minutes. They're the first set released under new Fed Chairman Kevin Warsh, and investors are genuinely uncertain about his tone.

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Thursday piles on. Initial Jobless Claims come out, and they land alongside June Existing Home Sales data.

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Here's the number that's probably getting underplayed: full-time U.S. employment dropped by 514,000 in June.

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Read also: Bitcoin ETF Outflows Hit Record Highs as Fed Uncertainty Rattles Institutional Investors

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U.S. equities, meanwhile, are sitting at a record $80 trillion in total market capitalization — roughly 48% of global market cap.

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Crypto doesn't exist in a vacuum here. When equities get volatile around macro data, Bitcoin tends to feel it, especially when institutional money is involved.

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The Fed minutes on Wednesday are basically the main event. Warsh's approach to rate policy is still murky — he came in with a reputation as a hawk, but the committee's first…

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The IEA report on Friday is the kind of release that doesn't always get crypto coverage, but it should.

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More context: Bitcoin Climbs Above $63,000 While XRP Jumps 5% on Thin Holiday Volume

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