Bitcoin Surpasses $63K Amid Rate Hike Concerns

Bitcoin's currency surpassed the $63,000 mark after the release of US employment data that was weaker than expected, which reduced the odds of an interest rate hike by the Federal Reserve. This prompted investors to purchase Bitcoin investment funds, boosting its price, which rose by 0.8% to reach $63,227. The cryptocurrency recorded its highest level in two weeks near $64,000, after jumping about 5% during the previous week, amid growing market confidence in the easing of monetary tightening. Attention now turns to the Federal Reserve's June meeting minutes, seeking new signals regarding the trajectory of interest rates.

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