Crypto Prices Today: Bitcoin Holds Near $61,390 as Ether and Solana Lead Market Rebound After Weak US Jobs Data

Crypto prices rebounded sharply on Thursday, July 2, 2026, after weak US jobs data hit the dollar. Bitcoin traded near $61,564.20, up 0.75% over 24 hours. Ether outperformed with a 4.80% gain to $1,720.44, while Solana climbed 1.70% to $80.71. The broader crypto market capitalization reached $2.01 trillion, up 2.38% for the day. Fed Chair Kevin Warsh’s comments on easing inflation risks added further fuel, pushing Bitcoin toward its strongest level in two weeks.

Bitcoin Price Action Shows Renewed Strength

Bitcoin (BTCUSD) pushed toward $62,000 as a short squeeze forced bearish traders to close positions. Nearly $281 million in liquidations hit over 24 hours, with short sellers losing almost double what longs lost. Spot Bitcoin ETFs also posted $221 million in net inflows, ending a painful 10-day outflow streak. This inflow reversal signals institutional buyers may be stepping back into the market.

Weak Jobs Data Sets the Tone

Softer US labor market data raised expectations for slower Federal Reserve tightening. Warsh reiterated the Fed’s 2% inflation target while noting artificial intelligence could reshape monetary policy over time. Weaker jobs numbers typically pressure the dollar lower, making Bitcoin and other risk assets more attractive to traders seeking alternative stores of value.

Ether and Solana Lead the Rebound

Ether led major crypto prices higher, gaining 4.80% to trade at $1,720.44. Solana followed closely, rising 1.70% to $80.71 after climbing as much as 16% over the past week. XRP also advanced, up 2.55% to $1.10, testing resistance near the $1.10 mark on renewed buying pressure across altcoins.

Altcoins and Smaller Tokens Outperform

Smaller tokens like Memecore’s M and Audiera’s BEAT posted sharp gains during the rebound. This pattern often shows up when risk appetite returns broadly across crypto prices, not just in Bitcoin and Ether. Traders viewed the move as the first genuine bounce after weeks of selling pressure across digital assets.

Institutional Activity Remains Active Despite Volatility

Corporate treasury buying continued even as crypto prices swung through recent weeks. Strategy, listed on Nasdaq under MSTR, authorized a new $2 billion stock buyback program alongside a fresh digital credit capital framework. The company aims to reinforce its preferred stock position while attracting new institutional investors into its Bitcoin-focused balance sheet strategy.

Analyst Price Targets Remain Bullish for Late 2026

Standard Chartered’s Geoff Kendrick maintains a year-end Bitcoin target of $100,000, with a longer-term forecast of $500,000 by 2030. Kendrick expects Ethereum (ETHUSD) to reach $4,000 and Solana to hit $135 by December 2026, citing stablecoin growth and DeFi adoption as key catalysts behind these crypto price targets.

Key numbers behind today’s crypto price rebound:

• Bitcoin: $61,564.20, up 0.75% in 24 hours
• Ether: $1,720.44, up 4.80% in 24 hours
• Solana: $80.71, up 1.70% in 24 hours
• Total crypto market cap: $2.01 trillion, up 2.38%

Final Thoughts

Crypto prices found fresh support after weak jobs data reduced pressure on the Federal Reserve to hold rates higher for longer. Ether and Solana outpaced Bitcoin’s gains, showing broader risk appetite returning across digital assets. Stocks tied to crypto, including Strategy (NASDAQ: MSTR) and Coinbase (NASDAQ: COIN), may see renewed attention if this rebound extends into the coming sessions.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice