Bitcoin And Ether Rebound After Weak U.S. Job Data Cuts Federal Reserve Rate-Hike Expectations

Crypto bulls ended the week in a healthier position after weak U.S. job data reduced expectations for a Federal Reserve interest-rate increase, with bitcoin trading at $61,600 after rising 6.5% from Tuesday’s almost two-year low of $57,750.

“Crypto bulls on firmer footing as U”

@coindesk

Ether rose for a third straight day to add 11.5% since Tuesday and 2.6% on Friday alone, while other altcoins including ADA, zcash (ZEC) and dash (DASH) gained between 2.2% and 3.1%.

@coindesk

Derivatives positioning shifted as ether replaced bitcoin as the biggest token for 24-hour liquidations, with a total of $417 million worth of crypto futures bets liquidated in 24 hours and $160.80 million from the ether market.

For bitcoin to reverse the downtrend, it needs to trade back above $67,000 and then take out $81,000, which was the local high in May.

The broader market structure, however, remained bearish across the majority of crypto tokens following a succession of lower highs and lower lows, even as bitcoin and ether 30-day implied volatility indexes continued to slide.

Uniswap (UNI) led gains in altcoins after Thursday’s announcement confirming that it will be the primary automated market maker (AMM) for the Robinhood layer-2 blockchain.

UNI was up by more than 11% in the past 24 hours with daily trading volume doubling to $320 million, as the market continued to weigh whether the week’s recovery could extend beyond the rate-driven bounce.

BFM

Zcash’s Tachyon upgrade was also in focus, with CoinDesk noting it aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

While the market’s derivatives picture showed ether’s open interest at 14.31 million, the highest since June 10, the same coverage framed the broader structure as still bearish across most tokens.

CoinMarketCap’s “Altcoin Season” indicator sat at 46/100 in the neutral zone as the market awaited a return to risk-on sentiment.

Beyond price action, the crypto outlook remained tied to rate expectations, with DailyCoin arguing that Federal Reserve Chair Kevin Warsh’s refusal to rule out a July rate hike threatened MicroStrategy’s leveraged Bitcoin play.

“The crypto market is ending the week in a healthier position than where it started, with bitcoin $BTC$61,946”

Bitget

DailyCoin linked Warsh’s stance to market pricing, saying the analyst Dana Love argued that a July rate hike is now “on the table” and that the company’s key financing engine is already stalling.

In parallel, a separate development highlighted crypto’s growing use in traditional finance: Coinbase said it would allow customers to buy real estate by putting cryptocurrencies up as collateral for a mortgage loan.

The collateral structure described by Coinbase included an example where someone buying a house for $500,000 could pledge $250,000 worth of bitcoin and obtain a $100,000 loan toward the down payment.

Coinbase also warned that if payment delay exceeded 60 days, Better Mortgage “will be able to liquidate your pledged cryptocurrencies,” with a foreclosure procedure initiated on the 180th day of delay in accordance with Fannie Mae guidelines.