7*24

Hot topic

Market

Activities

I invested in Wealth Treasure. Getting rich quickly is a dream, but managing finances is part of everyday life. Compared to taking risks, I prefer the feeling of making money steadily. Moreover, the d

1$ Margin Trade

TradFi Trading Strategies Sharing Challenge2026 World Cup Posting Challenge on HTX SquareHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin price recovers after weak U.S. jobs data eases pressure 

TradFi Trading Strategies Sharing Challenge

2026 World Cup Posting Challenge on HTX Square

HTX  Creation Challenge — Post and Win 1,500U 💥

Bitcoin price recovers after weak U.S. jobs data eases pressure on risk assets

Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year.

Summary

Bitcoin price rebounded from an intraday low near $61,550 after U.S. jobless claims exceeded forecasts, boosting expectations of future Federal Reserve rate cuts.

U.S. initial jobless claims rose to 225,000 last week, while first-quarter labor costs increased 1.8%, below economists’ 2.5% estimate.

Despite the recovery, Bitcoin remains below a key technical support level after confirming a bearish rounding-top pattern, with $60,000 emerging as the next major support zone.

According to data from crypto.news, Bitcoin price traded at around $63,800 at press time on June 4, recovering from an intraday low near $61,550. Despite the rebound, the bellwether remained down roughly 5% over the previous 24 hours and nearly 22% below its May peak of around $82,000.
Fresh economic figures released by the U.S. Department of Labor appeared to improve sentiment across risk assets. Initial jobless claims for the week ended May 30 rose by 13,000 to 225,000, exceeding economists’ forecasts of 215,000. The previous week’s reading was also revised higher to 212,000.

Additional labor market data pointed to easing wage pressures. The Labor Department reported that final labor costs increased 1.8% during the first quarter, below the 2.5% estimate compiled by economists. Continuing jobless claims, meanwhile, fell by 8,000 to 1.777 million for the week ended May 23.



Bitcoin price recovers after weak U.S. jobs data

BILL: Human-AI Collaboration Network

JUST IN: Futu will suspend buying (opening) trades for existing mainland China accounts starting June 12 to align with a two-year industry rectification period. $BTC? No direct link; broader cross-bor

$PUMP Long Update 👀 After Bitcoin’s recent pullback, $PUMP also dipped with the market. However, what’s interesting is that the coin is already showing relative strength. {future}(PUMPUSDT) It bounced

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
<br> Charles Hoskinson, the founder of Cardano and CEO of Input Output, abruptly told followers on X

Cardano Founder Hoskinson Says He’s ‘Taking A Break’: Here’s What Happened

If LINK remains above the $8.05 support level, it could experience a strong recovery similar to the rebounds seen on four previous occasions between February 2026 and June 2026. However, if the price 

If LINK remains above the $8.05 support level, it could experience a strong recovery similar to the rebounds seen on four previous occasions between February 2026 and June 2026.

However, if the price falls below $8.05 or closes a daily candle beneath this key level, it could open the door to a significant decline.

At press time, LINK’s Average Directional Index (ADX) indicates weak trend strength, as the indicator has fallen to 20.37, below the key threshold of 25.



If LINK remains above the $8.05 support level, it

Tech giant Microsoft has unveiled Majorana 2, a topological quantum chip that has sent shivers down the crypto community. The new release could potentially hasten the Q-day timeline for digital asset 

Microsoft’s Quantum Breakthrough Brings Bitcoin Security Threat Closer

XRP price broke below the key $1.30 support level Analysts are watching $1.13, $0.90, and $0.70 support zones Short-term rebounds may occur despite broader bearish conditions XRP is facing a critical 

XRP Price Breakdown Targets $1.13 as Bears Stay Active

Key Highlights Eightco Holdings announced treasury assets totaling approximately $437M as of June 3, 2026 Assets include a $90M indirect investment in OpenAI through special purpose vehicles (represen

Eightco Holdings (ORBS) Stock Reveals $437M Treasury Portfolio With OpenAI and Worldcoin Assets

VVV Surges Over 10x This Year, Is the Base Ecosystem the Last Hope for Crypto AI?

Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Deconstructing the Investment Methodology of the 'Stock God Serenity' in One Article

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

A $300 Used Mining Rig Mined a $230,000 Bitcoin Block

Over $1 Billion in Cryptocurrencies Forced to Liquidate, Bitcoin Plunges 6% Below $67,000

Bulls Approach the Ceiling

Article

BTC falls below 65000 USDT

Industry Groups Urge U.S. Government to Increase Supply of Storage Chips

U.S. House Passes Resolution Limiting Trump's Military Authority Against Iran

BTC falls below 64000 USDT

OpenAI Resets Codex Usage Quotas After Three Reliability Failures in 24 Hours

Blockchain Security Researcher Josselin Feist Joins Aave Team

zest currently trades at 0.266193 USDT, up 78.91% in 24h, according to HTX market data.

zest soared to 0.275571 USDT, a new high with a 24-hour increase of 78.91%. It currently trades at 0.266193 USDT on HTX.

Opinion: AAVE, SOL, and Other Undervalued Crypto Assets May Present Next Opportunity

Fed's Daly: Productivity Gains from AI Not Yet Reflected in Data

News

Tariffs Crash Crypto

Share Your HTX Earn Strategies and Earnings

Claim1,200 USDT in the Monthly Creation Challenge

Hit March's Interaction Leaderboard

Share Your Thoughts on Popular Assets in March

Share Crypto Stories to Win 400 USDT

Contest for HTX Community's Most Popular Post

Post To Earn Bonus

Share Your Thoughts on Popular Assets in June

Check In to Win a 20g Gold Bar

Topic

Special

Post

ZEST: Bitcoin Lending Protocol

ATWO: Fans Vote to Change Live Outcomes

HTXSquare: Global Markets After Trump China Visit

Grab Your Share of the 300 USDT Prize Pool!

TWT: Trust Wallet Ecosystem Token

BTC Shakes at $80K—Up or Down?

Everything Can Be Huobao

MEGA: Real-Time Execution Layer for Ethereum

$110K Spring Airdrop Rain—18 Days Straight!

Rain: Uniswap for Predictions on Arbitrum

MU: Top Memory Chip Maker 

Orca: Top AMM DEX on Solana

ZBT: Real-Time ZK Prover Network

BLEND: Multi-Language L2 Rollup

Genius: First Private On-Chain Terminal

Recommend

Follow

Articles

Community

Trending Topics

News

Articles