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Bitcoin price today: August 7, 2026
Bitcoin traded around $64,940, edging higher as the cryptocurrency retained gains after a surprisingly weak U.S. jobs report cooled expectations for further Federal Reserve interest‑rate hikes.
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What happened
Bitcoin traded around $64,940, edging higher as the cryptocurrency retained gains after a surprisingly weak U.S. jobs report cooled expectations for further Federal Reserve interest‑rate hikes.
Confirmed
Global impact / market context
A lower probability of rate hikes makes cash‑like assets such as Bitcoin more attractive, potentially boosting demand and influencing investor allocation decisions across risk‑on portfolios.
Confirmed
The modest rise in Bitcoin follows a weaker‑than‑expected U.S. jobs report, which lowered market expectations that the Federal Reserve will continue raising interest rates this year.
Confirmed
What to watch
- If upcoming employment data continue to disappoint, investors may see further Bitcoin price support as expectations for tighter monetary policy weaken. Analyst inference
- Watch Federal Reserve statements for any shift in rate‑hike outlook, which could quickly reverse the current crypto rally if tighter policy is reaffirmed. Proposed
- Monitor broader crypto market volume; sustained buying pressure could translate the rate‑expectation relief into longer‑term price appreciation for Bitcoin and related assets. Analyst inference
Affected assets
- BTC — Bitcoin