Bitcoin showed steady growth at the start of the week, trading up 2.5% despite Friday's 2% loss. The market reacted to Friday's labor market report, but buyers managed to hold back a strong drop in prices.
On June 3, the BTC/USDT pair rose 1.54% to $68,809, reaching a high of $70,288 during the European session, followed by a sharp pullback to $68,500. Expectations for Fed monetary easing amid weak economic data and slowdown inflation was supported by Bitcoin.
On June 4, trading ended with Bitcoin rising 2.51% to $70,537, driven by fundamental and technical factors, including expectations of a Fed interest rate cut.
On June 5, the BTC/USDT pair increased by 0.81% to $71,108, reaching a high of $71,758. Sales of some of the mined bitcoins by the mining company Marathon Digital put some pressure on the market.
On June 6, Bitcoin rose by 0.43%, closing at $70,799. Trading took place in the price range of $70,117 - $7,1700 amid stability on the American stock market.
On June 7, at the end of the day, the BTC/USDt pair closed down by 2.04%, to $69,365. The key event of the week was the publication of employment data in the United States, which had a significant impact on market dynamics on Friday. In general, there is stability in the price of Bitcoin in a volatile market, which indicates its stability.
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