Market stabilizes ahead of the U.S. Independence Day holiday, Bitcoin holds above $61,000

Odaily Planet Daily News Ahead of the U.S. Independence Day holiday, market sentiment in the crypto space is gradually stabilizing, with Bitcoin maintaining above $61,000 and Ethereum holding above $1,700, extending the rebound from the previous day. The unexpected weakness in the U.S. non-farm payroll data has cooled market expectations for further tightening by the Federal Reserve, rekindling demand for risk assets. Options market volatility has notably declined, with short-term implied volatility falling from recent highs to the low 30% range, indicating market sentiment has shifted from panic hedging to relative stability. However, some institutions believe the data is not a one-sided "dovish signal," as accelerating wages and resilient consumption still support the Fed's bias towards a hawkish stance. The divergence between U.S. Treasury yields and stock market performance further suggests ongoing disagreement among markets regarding the policy path. (The Block)