The world’s largest cryptocurrency was last trading up 3% at $60,499.7 at 09:03 Chisinau time.
However, cryptocurrencies remain under pressure following a prolonged sell-off triggered by a sustained outflow of funds from U.S. spot exchange-traded funds (ETFs) and a decline in risk appetite.
Bitcoin recorded a decline of more than 30% in the first six months of 2026.
Traders are awaiting U.S. labor market data to gauge the Fed’s policy
Market sentiment remained cautious ahead of the June report on U.S. nonfarm payrolls (nonfarm payrolls), as traders assess whether signs of a cooling labor market could reignite expectations of interest rate cuts by the Federal Reserve.
Comments by Fed Chairman Kevin Warsh that inflationary risks have recently subsided provided some support to the markets.
However, Warsh stated that he would firmly adhere to the U.S. central bank’s 2% inflation target and would “disappoint” those counting on accommodative monetary policy
Lower borrowing costs are generally seen as a positive factor for speculative assets such as cryptocurrencies.
Bitcoin has struggled this year due to slowing institutional demand and limited progress on cryptocurrency regulation in the U.S. Geopolitical uncertainty surrounding negotiations between the U.S. and Iran is also weighing on market sentiment.
Cryptocurrency Prices Today: Altcoins Rise Slightly
Most altcoins rose on Thursday amid range-bound trading.
Ethereum, the world’s second-largest cryptocurrency, rose 2% to $1,626.92.
XRP, the world’s third-largest cryptocurrency, gained 1% to $1.06.
Solana jumped 4%, while Cardano rose 2%.
Among meme tokens, Dogecoin gained 0.6%.
