American markets stabilized ahead of the Independence Day holiday, with Bitcoin holding steady in the $61,000 range

The Block reported that on the eve of the U.S. Independence Day holiday, sentiment in the crypto market gradually stabilized. Bitcoin remained above $61,000, and Ethereum stood above $1,700, extending the rebound from the previous day. The unexpected weakening of the U.S. non-farm payroll data cooled expectations of further tightening by the Federal Reserve, reigniting demand for risk assets. Volatility in the options market has notably declined, with short-end implied volatility dropping from high levels to the high-30s range, as market sentiment shifted from panic hedging to relative calm. However, some institutions believe the data does not represent a one-sided "dovish signal," as accelerating wages and resilient consumption still support the Fed maintaining a relatively hawkish stance. The divergence between U.S. bond yields and the stock market further indicates that the market remains divided on the policy path.