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Weak U.S. Jobs Data Triggers Bitcoin Dip-Buying

<p class="text-left mb-4 ">The U.S. nonfarm payrolls report came in well below market expectations in July, paving the way for a short-term relief bounce in Bitcoin. According to the data, released one day earlier due to the July 4 holiday, the U.S. economy added only 57,000 jobs in June. Markets had expected an increase of 114,000, while the previous month’s figure stood at 172,000. The unemployment rate was also recorded at 4.2%, instead of the expected 4.3%.</p><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>was trading around $61,700 when the data was released. According to TradingView data, the cryptocurrency briefly moved higher after the announcement and approached the $62,000 mark, before fluctuating within that range for the rest of the day. The limited price reaction suggests that the market interpreted the weak employment data as a development that could increase the likelihood of a Fed rate cut, but did not price it in with aggressive buying.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-07-02-17-20-05-80f615c8.webp" alt="BTCUSDT_2026-07-02_17-20-05.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Kyle Rodda of Capital.com described the nonfarm payrolls report as the most critical data release of the week. According to Rodda, markets had lowered the probability of a rate hike this month from 33% at the beginning of the week to 28%; weak employment figures could reinforce this expectation. It is also worth noting that the Fed kept interest rates unchanged in June for the fourth consecutive time, while rate cut expectations were pushed back to 2027 due to the hawkish stance of new Chair Kevin Warsh.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin spent most of the week under pressure</h2><p class="text-left mb-4 ">Before the employment data, Bitcoin had already been through a difficult week. The cryptocurrency fell to a 21-month low during the week, dropping to $57,800. According to Bitfinex analysts, this marked the fourth time in the cycle that a decline in bond yields and a drop in Bitcoin’s price occurred at the same time; Bitcoin continued to pull back even as the S&P 500 closed the quarter at a record high.</p><p class="text-left mb-4 ">Two main groups are behind the selling pressure. Spot Bitcoin exchange-traded funds recorded $4.5 billion in net outflows in June, marking their worst month since their launch in January 2024. BlackRock’s IBIT alone accounted for $3.55 billion in outflows. In addition, Strategy’s board approved the sale of up to $1.25 billion worth of Bitcoin on June 29 to build dollar reserves and meet liabilities. The company’s stock is now trading roughly 30% below the value of the Bitcoin it holds.</p><p class="text-left mb-4 ">Despite this, Glassnode analyst Chris Beamish noted that long-term investors have started accumulating again. According to Beamish, buying appetite is spreading across a wide range of participants, from small wallets to entities holding between 100 and 1,000 BTC. However, for the first time during this downturn, the amount of Bitcoin held at a loss has exceeded the amount held in profit; approximately 10.83 million BTC is currently being held below its cost basis.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A similar picture is emerging on the Ethereum side</h2><p class="text-left mb-4 ">Ethereum, meanwhile, recovered from its low near $1,500 and climbed into the $1,600-$1,620 range. Simon-Peter Massabni of XS.com described this move not as a confirmed reversal, but as buying from a technical bottom. Spot ETH funds have seen net outflows for seven consecutive weeks, with total outflows reaching $1.18 billion during this period.</p><p class="text-left mb-4 ">In the coming days, the market’s main focus will be how much the weak employment data influences the Fed’s rate decision. For now, whether Bitcoin can break above the $62,000 resistance level on a sustained basis appears to depend on both macro data and the direction of ETF flows.</p>

2 Jul 2026

Outflows Hit Bitcoin and XRP ETFs, While Ethereum and Solana See Inflows

<p class="text-left mb-4 ">The first trading day of July brought a mixed picture for spot crypto ETFs traded in the United States. While Bitcoin and XRP funds saw outflows, investors preferred to increase their positions in Ethereum and Solana. This divergence across the four assets suggests that investors entered July with mixed risk appetite. The size of the outflow from Bitcoin was especially notable, as it showed that the inflow trend seen in recent weeks had been interrupted, at least in the short term.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Third Daily Outflow for Bitcoin</h2><p class="text-left mb-4 ">Spot Bitcoin ETFs closed July 1 with net outflows of $294.62 million. This marked one of the largest single-day outflows seen in recent weeks. Considering that institutional investors had largely added money to these funds throughout June, the pullback at the start of the month stood out. It is also worth noting that <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>fell as low as $58,000 toward the evening yesterday. As shown in the chart below, the price move was sharp:</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-07-02-12-25-46-5561f9d8.webp" alt="BTCUSDT_2026-07-02_12-25-46.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Daily swings of this kind are not exactly new for the market. Since their launch, Bitcoin ETFs have experienced several similar days of sharp outflows, only to recover within a few days. Still, a figure approaching $300 million shows that short-term investors entered July with a more cautious stance.</p><p class="text-left mb-4 ">Ethereum Returns to Positive Territory</p><p class="text-left mb-4 ">Ethereum ETFs recorded $14.89 million in net inflows on the same day. Unlike the outflows seen in Bitcoin, interest in Ethereum funds has remained relatively steady recently. This has also led to comments that some investors may be shifting their portfolios from Bitcoin toward Ethereum, although it is still too early to speak of such a rotation based on a single day of data.</p><p class="text-left mb-4 ">A Modest but Positive Picture for Solana</p><p class="text-left mb-4 ">Solana ETFs ended the day with $521,000 in net inflows. The figure is small, but given Solana’s relatively new position in the spot ETF market, a consistently positive trend remains an important signal. Although total fund size is still far behind Bitcoin and Ethereum, the fact that daily flows have not turned negative shows that demand for Solana funds remains alive.</p><p class="text-left mb-4 ">Limited Outflow in XRP</p><p class="text-left mb-4 ">XRP ETFs saw net outflows of $1.86 million. This figure remains quite small compared with the outflow from Bitcoin and does not point to a trend reversal on its own.</p><p class="text-left mb-4 ">Looking at the broader picture for the day, the key takeaway is clear: some of the capital leaving Bitcoin and XRP funds was likely pulled from the market due to profit-taking or short-term risk reduction. The positive flows into Ethereum and Solana, meanwhile, show that interest in these two assets remains alive, at least for now.</p>

2 Jul 2026

Japanese Company Raises Bitcoin Reserves to 43,000 BTC

<p class="text-left mb-4 ">Tokyo-based Metaplanet announced that it purchased another 2,823 Bitcoin in the second quarter. The company’s total reserves have now climbed to 43,000 BTC. The purchase reportedly cost around $221 million.</p><p class="text-left mb-4 ">Known as Japan’s first publicly listed <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>treasury company, Metaplanet has now grown its holdings by around 22.5% compared to where it started the year. The company’s average purchase cost across its portfolio stands in the $97,000 to $104,000 range. Since Bitcoin has been trading well above this range in recent weeks, the company is currently sitting on a significant paper profit.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Buying pace accelerates quarter by quarter</h2><p class="text-left mb-4 ">Metaplanet’s accumulation story actually goes back only a short time. The company closed 2025 with 35,102 BTC. It then added another 5,075 BTC in the first quarter of 2026, reaching 40,177 BTC as of March 31. That purchase required a budget of roughly $398 million to $405 million, with the average unit price landing in the $78,000 to $80,000 range. Now, with the additional 2,823 BTC bought in the second quarter, the total has risen to 43,000 BTC.</p><p class="text-left mb-4 ">The company began accumulating Bitcoin in April 2024, when it was still a small hotel and technology operator. At the time, its holdings stood at just 97.85 BTC. By the end of 2024, that figure had risen to 1,761 BTC, and by September 2025 it had reached 30,823 BTC. In other words, the company’s Bitcoin holdings have grown rapidly over the past year and a half.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Target is 100,000 BTC, but the road is long</h2><p class="text-left mb-4 ">Metaplanet’s publicly announced targets under its “555 Million Plan” are highly ambitious. The company aims to reach 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. The latter figure would equal roughly 1% of Bitcoin’s total supply. Based on the current picture, CEO Simon Gerovich and his team need to buy another 57,000 BTC in the next six months. At current prices, that would cost more than $5 billion, which means the company will likely need to pursue multiple large-scale share issuances and debt financing rounds to reach this target.</p><p class="text-left mb-4 ">The company mainly finances these purchases through share issuances, warrant sales and revenue generated from Bitcoin options. In January, it raised $137 million through a share and warrant sale aimed at overseas institutional investors. Its additional financing potential can also reach up to $276 million.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Challenging third place in corporate rankings</h2><p class="text-left mb-4 ">With this latest purchase, Metaplanet has entered a close race with Twenty One Capital in terms of corporate Bitcoin ownership. Strategy still sits at the top of the ranking with more than 762,000 BTC in reserves. Among the names Metaplanet has surpassed is MARA Holdings, which sold a significant portion of its Bitcoin holdings in recent months to repay debt.</p><p class="text-left mb-4 ">The risk side of the picture should not be ignored either. Metaplanet is using share dilution and debt financing to buy a highly volatile asset. In a prolonged downturn scenario, the company’s average cost base in the $97,000 to $104,000 range will become a critical threshold for investors to watch closely. The more than $5 billion in capital needed to reach the year-end target is another factor that must be evaluated together with the dilution risk that could come with successive share and debt issuances.</p>

2 Jul 2026

British Investors Sue Binance and CZ

<p class="text-left mb-4 ">Nearly 1,700 British investors have filed a group lawsuit against Binance, its founder Changpeng “CZ” Zhao, and Abu Dhabi-based Nest Exchange at the High Court in London. According to the claim form filed on June 29, the exchange allegedly sold crypto derivative products to retail investors for years without obtaining regulatory approval.</p><p class="text-left mb-4 ">The claim form, submitted by law firm KP Law on behalf of 1,692 claimants, including lead claimant Tomas Sutas, alleges that the defendants sold leveraged tokens, crypto futures, options, and margin trading products to British consumers from around September 13, 2019. The filing claims this violated the Financial Services and Markets Act.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What does the legal basis say?</h2><p class="text-left mb-4 ">The claim argues that the sales violated the general prohibition on carrying out regulated activities without authorization. It also alleges that the promotion of these products breached rules on unauthorized financial promotions.</p><p class="text-left mb-4 ">The claimants are seeking the return of money and property they paid, as well as damages and interest under the Senior Courts Act 1981.</p><p class="text-left mb-4 ">CZ and <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>Holdings are named as additional defendants in the case on the grounds that they allegedly acted in “common design” with the entities operating the platform. A fourth defendant, covering other entities that operated the Binance trading platform, is listed only as “Persons Unknown.”</p><p class="text-left mb-4 ">The gap between the figures stands out</p><p class="text-left mb-4 ">According to court documents, the amount claimed in the claim form is listed as “exceeding £200,000” ($264,900). This figure is actually the threshold that triggers a court fee of £10,067 when filing the case.</p><p class="text-left mb-4 ">KP Law, however, told media outlets including Reuters that the group is seeking more than £150 million ($200 million) in total. That figure does not appear in the claim form itself.</p><p class="text-left mb-4 ">In a statement, Binance said full compliance with UK regulations remains a priority for the company. A spokesperson said the exchange remains committed to its obligations to users and will defend itself against the allegations through the appropriate legal process when the time comes.</p><p class="text-left mb-4 ">Past records add weight to the case</p><p class="text-left mb-4 ">The lawsuit comes after Binance pleaded guilty in the United States in 2023 to anti-money laundering and sanctions violations. That case resulted in a $4.3 billion fine for the exchange and a four-month prison sentence for CZ. CZ was later pardoned by President Donald Trump.</p><p class="text-left mb-4 ">The development also came just days after Binance withdrew its MiCA license application in Greece. In comments to The Block, CZ claimed the application had been “fully compliant” and close to approval before unnamed political forces intervened.</p><p class="text-left mb-4 ">The case is still at an early stage. It is not yet clear when Binance will file its formal defense.</p>

1 Jul 2026

Trump’s Crypto Wallet Revealed: Eight Different Coins From Bitcoin to LINK

<p class="text-left mb-4 ">According to the annual financial <a href="https://www.oge.gov/web/oge.nsf/0/B8B9EA45F5EB86EC85258E2600701B77?opendocument" target="_blank" rel="noreferrer" class="text-primary underline">disclosure </a>report published on Tuesday, U.S. President Donald Trump’s income included hundreds of millions of dollars earned through his family’s crypto company World Liberty Financial, as well as thousands of dollars in investments in companies such as Coinbase and Strategy.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hmfwxsdxgairp-0-5ac8b02e.webp" alt="HMFwxsDXgAIrp_0.jpg" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The 927-page report, prepared by the Office of Government Ethics, covers a wide investment portfolio ranging from Domino’s Pizza and Costco to Victoria’s Secret, Lockheed Martin and major banks such as JPMorgan.</p><p class="text-left mb-4 ">The most striking item in the report was the income generated from World Liberty Financial, which came to light at a time when Congress is debating a comprehensive bill aimed at regulating the crypto sector. Democrats are demanding that an ethics clause be added to the bill, barring the president, vice president, members of Congress and other federal officials from certain cryptocurrency transactions in exchange for supporting the legislation.</p><p class="text-left mb-4 ">According to the disclosure, Trump earned more than $65.6 million from the sale of his stake in WLF Holdco and $236.25 million from distributed proceeds from World Liberty Financial’s token sales. The report also listed <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin</a>, Ethereum, USDC, LINK, AAVE, ENA, MOVE and ONDO holdings kept in cold wallets linked to World Liberty Financial, along with roughly $1.8 million in Ethereum staking rewards.</p><p class="text-left mb-4 ">Trump’s portfolio also includes an investment of up to $100,000 in crypto exchange Coinbase, as well as multiple investments in Strategy, the company formerly known as MicroStrategy.</p><h3 class="text-left text-foreground text-2xl font-bold mb-2 mt-1">Vance’s Disclosure Was Much Simpler</h3><p class="text-left mb-4 ">The financial disclosure of Vice President JD Vance, released on the same day, was far shorter at just 17 pages. Vance reported holding up to $500,000 in Bitcoin.</p><p class="text-left mb-4 ">The Trump administration’s close ties to the crypto sector are once again becoming a point of debate at a time when the regulatory process is shaping a law that directly covers the products of these companies. The fact that World Liberty Financial was founded by the president’s own family and that Trump directly earned income from the company stands out as one of the factors strengthening conflict-of-interest claims.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto Lobby’s Rise in Washington</h2><p class="text-left mb-4 ">This disclosure also highlights how much the crypto sector’s influence in U.S. politics has grown over the past few years. During the 2024 election cycle, crypto companies and investors channeled hundreds of millions of dollars into election campaigns through super PACs, turning the industry into one of the most powerful lobbying groups in Congress.</p><p class="text-left mb-4 ">They have also begun to see returns on that investment. The market structure bill being debated in the Senate aims to clarify which regulatory agency will oversee digital assets and to provide exchanges with a more predictable framework.</p><p class="text-left mb-4 ">However, the fact that Trump’s own family directly earns income from a crypto company is raising more questions about the neutrality of the bill. World Liberty Financial was founded in late 2024 by a group that included Trump’s sons, Eric Trump and Donald Trump Jr., and quickly raised hundreds of millions of dollars through token sales. The company’s stablecoin, USD1, also drew attention after it began being used in transactions involving some Middle Eastern investment funds.</p><p class="text-left mb-4 ">Ethics experts have long argued that it is unprecedented for a sitting president to earn income from the private sector on this scale. Traditionally, presidents have transferred their assets into blind trusts to avoid conflicts of interest. The Trump administration has been criticized for not adopting this practice, and his stake in World Liberty Financial has become one of the clearest examples of that debate.</p>

1 Jul 2026

Politics, BTC

Weak U.S. Jobs Data Triggers Bitcoin Dip-Buyingabout 3 hours ago

BTC, Altcoin

Outflows Hit Bitcoin and XRP ETFs, While Ethereum and Solana See Inflowsabout 7 hours ago

BTC

Japanese Company Raises Bitcoin Reserves to 43,000 BTCabout 8 hours ago

BTC, Altcoin

British Investors Sue Binance and CZ1 day ago

Politics, BTC, Altcoin

Trump’s Crypto Wallet Revealed: Eight Different Coins From Bitcoin to LINK1 day ago

Politics, BTC

Weak U.S. Jobs Data Triggers Bitcoin Dip-Buyingabout 3 hours ago

BTC, Altcoin

Outflows Hit Bitcoin and XRP ETFs, While Ethereum and Solana See Inflowsabout 7 hours ago

BTC

Japanese Company Raises Bitcoin Reserves to 43,000 BTCabout 8 hours ago

BTC, Altcoin

British Investors Sue Binance and CZ1 day ago

Politics, BTC, Altcoin

Trump’s Crypto Wallet Revealed: Eight Different Coins From Bitcoin to LINK1 day ago

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