Bitcoin’s Weekend Rally Faces a $66k Trap as Traders Still Hedge for Another Drop

Bitcoin Breaks $62K but 4,500 Options Contracts Cap the Ceiling at $66K

Bitcoin punched through $62,000 Friday after a lousy US jobs report took a lot of pressure off the Federal Reserve… Read the original on Bitcoin Breaks $62K but 4,500 Options Contracts Cap the Ceiling at $66K. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop - Invest In Crypto News

Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin’s futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below the 110,000 economists polled had penciled in. Labor-force participation slid to 61.5%, the government cut April and May pay…

Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop

Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin's futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below the 110,000 economists polled had penciled in. Labor-force participation slid to 61.5%, the government cut April and May pay…

Bitcoin’s "Jobs Report" Rally: A Return to Macro-Sensitivity

Bitcoin has staged a significant recovery, climbing to approximately $62,000 as of July 3, 2026, marking a 7.3% rebound from its early-July lows.