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CoinEx News: The US added 57,000 jobs in June, far below the 110,000 expected, the Labor Department said on July 2 — one day after Fed Chair Kevin Warsh said inflation risks have come down. Traders now see an 18% chance the Fed raises interest rates on July 29, down from 29%. Lower rate pressure helps assets that pay no interest: gold jumped 2% above $4,100, and BTC rebounded toward $62,000, with ETH and SOL posting even bigger gains.
US spot Bitcoin ETFs took in $220 million on July 2 — their first net inflow in 10 days and the largest in two months. Still, traders bet on a rate hike later this year: the weak jobs data pushed it back, not off the table. The June inflation report on July 14 and the Fed's July 29 meeting will test whether BTC holds $60,000 and the inflows continue.
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