AI Stocks Waver, Spurring Capital Shift... Bitcoin Bottom Signal Ignited

Bitcoin recovered to $61,000 as investors shifted funds to Bitcoin and gold amid weak U.S. employment data suggesting a lower likelihood of near-term Fed rate hikes. According to Yahoo Finance, June nonfarm payrolls only rose by 57,000, far below the expected 113,000, with April and May figures revised downward by 74,000. This caused Nasdaq 100 futures to reverse recent gains, while Bitcoin broke its previous low of $57,750. CME Fed Watch data showed September rate hike probability fell to 54% from 64%, and WTI crude stabilized below $70 after positive U.S.-Iran talks. The Fed's balance sheet remained at $8.73 trillion, with potential for liquidity expansion if employment weakness and inflation easing persist. AI-related stocks declined sharply, with SanDisk, Seagate, Western Digital, and Applied Materials falling over 9% as Bitcoin showed signs of seller exhaustion. Analysts noted Bitcoin's realized profit-and-loss ratio hit its lowest since 2022, signaling a potential cyclical bottom.