Bitcoin Hits $63,900 Then Reverses as Week Starts

Bitcoin briefly touched $63,900 overnight before reversing and settling around $62,900, according to CoinDesk data. The 24-hour high of $63,900 held only momentarily as sellers pushed the price back down.

The move came after Thursday's US jobs report came in weaker than expected, which gave a lift to liquidity-sensitive assets heading into the weekend. A softening labor market reduces the likelihood of a Federal Reserve rate hike and gradually shifts the backdrop that had pushed ETF investors out of bitcoin through June. However, one data print does not flip the setup, and the rally faded quickly. For traders tracking real-time crypto quotes, NowPrice shows the latest bitcoin price levels as the market digests the mixed signals.

The next key data point is the July 14 CPI release, which could either extend the relief rally or further cap an early-July advance. Market participants will also watch for any shifts in ETF flow dynamics and broader risk sentiment, as the interplay between macro data and crypto-specific factors continues to drive short-term price action.