Bitcoin rebounded to $60,000 after dropping below $58,000
2026-07-01 16:42
Odaily Odaily Planet Daily News: Bitcoin briefly fell to $57,779 on Wednesday, its lowest point since September 2024, before rebounding 2.8% to around $60,000. The rebound occurred after U.S. employment and manufacturing data came in weaker than expected, and Fed President Kevin Warsh did not clearly signal a rate hike.
ADP data showed that U.S. private sector employment increased by 98,000 in June, lower than the 122,000 in May and market expectations; the ISM Manufacturing Index fell from 54 to 53.3, and the Prices Paid Index dropped from 82.1 to 73. The two-year U.S. Treasury yield closed flat at 4.15%.
Data from SoSoValue showed that U.S. spot Bitcoin ETFs saw outflows of $4.5 billion in June, a record monthly outflow. Glassnode data indicated that long-term holders have re-entered an accumulation phase, with the buy-side order book share on Binance and Coinbase rising.
ADP data showed that U.S. private sector employment increased by 98,000 in June, lower than the 122,000 in May and market expectations; the ISM Manufacturing Index fell from 54 to 53.3, and the Prices Paid Index dropped from 82.1 to 73. The two-year U.S. Treasury yield closed flat at 4.15%.
Data from SoSoValue showed that U.S. spot Bitcoin ETFs saw outflows of $4.5 billion in June, a record monthly outflow. Glassnode data indicated that long-term holders have re-entered an accumulation phase, with the buy-side order book share on Binance and Coinbase rising.
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