Bitcoin slipped back below $63,000 on Tuesday, reversing Monday's brief rally to $64,000 as fresh selling pressure swept through risk assets. Ether remained below $1,700 while U.S. spot bitcoin exchange-traded funds logged another day of net outflows.
According to The Block’s prices page, bitcoin (BTC) last changed hands around $62,750, while ether (ETH) traded below $1,700.
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The pullback came even as Wall Street posted a recovery session overnight.
Kyle Rodda, senior financial market analyst at Capital.com, attributed the rebound in equities to the natural whipsaw following Friday's sharp selloff, when May's nonfarm payrolls report — which showed 172,000 jobs added against an 80,000 consensus — sent implied rate hike probabilities to approximately 72% and triggered a rapid unwinding of stretched positioning.
