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$BTC pushed to a fresh July peak above $62,000 Friday, extending a two-day rally that has put nearly 4% in daily gains on the board.
The move came as softer-than-expected US labor-market data reinforced the case for the Federal Reserve to ease its inflation-fighting stance.
Jobs Data Does the Work The proximate catalyst was weakness in US employment signals, which traders read as clearing room for the Federal Reserve to pivot away from restrictive monetary policy.
The logic is straightforward: a cooling labor market historically reduces wage-driven inflation pressure, giving the Fed cover to cut rates — and rate cuts tend to lift risk and hard-money assets alike.
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