Just 57,000 US Jobs Added in June — Bitcoin Surges to $62,000 as Fed Pressure Mounts

📖 3 min de lecture The U.S. economy added only 57,000 jobs in June 2026, a figure well below economists’ expectations of 180,000 to 200,000 new hires. This release from the Bureau of Labor Statistics sent shockwaves through financial markets, reinforcing expectations that the Federal Reserve (Fed) will ease monetary policy in the coming months....

DailyCryptoNewsJuly 2, 2026⏱ 3 min read

⏱ 3 min de lecture

Par DailyCryptoNews
Publié le 2 July 2026

Macro

📖 3 min de lecture

The U.S. economy added only 57,000 jobs in June 2026, a figure well below economists’ expectations of 180,000 to 200,000 new hires. This release from the Bureau of Labor Statistics sent shockwaves through financial markets, reinforcing expectations that the Federal Reserve (Fed) will ease monetary policy in the coming months.

The June Non-Farm Payrolls (NFP) report marks a clear slowdown compared to previous months. In May, the U.S. economy added 139,000 jobs (revised downward), while April saw 165,000 new hires. The trend is clearly decelerating, with three consecutive months of slowdown. The unemployment rate also rose to 4.2%, up from 4.1% the previous month.

Bitcoin’s Immediate Reaction

Bitcoin reacted immediately to the report by surging to $62,000, a new daily high. At the time of writing, BTC was trading around $61,600, up 2.5% over 24 hours. Ethereum followed the same momentum at $1,696 (+4.75%), while Solana rose to $80.61 (+4.2%).

This bullish reaction stems from market calculus: weaker-than-expected jobs data increases the probability of a Fed rate cut as early as September 2026. A lower-rate environment is generally favorable for risk assets like cryptocurrencies, which benefit from increased liquidity and a reduced opportunity cost for investors.

According to the CME FedWatch Tool, the probability of a September rate cut rose from 55% to 72% following the NFP report.

Broader Economic Slowdown

This disappointing figure comes against a backdrop of broader economic deceleration. Momentum stocks, particularly large-cap tech names, plunged early in the session before stabilizing. The Dollar Index (DXY) declined, offering relief to emerging markets and dollar-denominated assets.

The combination of a deteriorating labor market and persistent inflation puts the Fed in a delicate position. If Jerome Powell and his team keep rates high, they risk worsening the economic slowdown. If they cut too early, they could reignite inflation.

For the crypto market, this “soft landing” scenario supported by a cautious Fed remains the most favorable outlook in the medium term. Bitcoin, which has already reclaimed the psychological $60,000 threshold after several weeks of consolidation, benefits from a macroeconomic backdrop that plays in its favor.

Sources: Bureau of Labor Statistics, CoinPaprika, CME FedWatch Tool, CoinDesk.