Bitcoin Surges Above $63,000 as Fed Rate Hike Fears Ease

Bitcoin advanced to a two-week high of $63,700 on July 6 after climbing above $62,000 the prior day amid a rotation from semiconductor stocks. The 2.7% weekend gain extended last week’s roughly 5% rebound from a 21-month low below $58,000, supported by softer U.S. payroll data and returning inflows into spot Bitcoin ETFs. Ether rose 14% for the week to near $1,800 as total crypto market capitalization reached $2.26 trillion. Traders now focus on upcoming Fed minutes and jobs data while Polymarket odds of a July rate hold rose to 89.5%.