Bitcoin maintained its price around $61,000 following weaker-than-expected US jobs data, which has eased concerns over further interest rate hikes. This development has prompted investors to rotate capital into Bitcoin and gold as safer assets, according to CoinTelegraph.
Market watchers suggest that the current environment could pave the way for Bitcoin bulls to push the price toward the $70,000 mark. The weakening of rate hike fears is seen as a key factor supporting this potential upward move in BTC.
For Japanese investors, this trend aligns with a growing appetite for crypto and precious metals amid global economic uncertainty, as they seek diversification beyond traditional equities and yen-based assets.