Bitcoin Climbs 6.5% From Low as Rate-Hike Risk Fades

Bitcoin ended the week up 6.5% from Tuesday's low, trading at $61,600 after touching $57,750 two days earlier. The move followed weak U.S. jobs data that pushed back expectations for a Federal Reserve rate increase. Friday's gains were smaller than Thursday's 2.6% jump, partly because U.S. stock markets were closed for the long weekend.

Bitcoin (BTC) profile Ether rose for a third straight session, gaining 11.5% since Tuesday and 2.6% on Friday. Altcoins such as Cardano's ADA, Zcash, and Dash also advanced 2.2% to 3.1%.

The broader market structure across crypto tokens remains bearish. Bitcoin's recovery from the low did not break the sequence of lower highs and lower lows. To reverse that pattern, it needs to climb back above $67,000 and then clear $81,000, the local high from May.

Zcash's Tachyon upgrade targets scaling shielded payments and improving quantum readiness. The protocol also tests the project's funding and governance.

The next scheduled catalyst is Wednesday's U.S. consumer price index report. The June reading will show whether inflation is continuing to cool.