Cryptocurrencies gained ground on Thursday, July 2, while major stock indexes closed at all-time highs, as softer-than-expected jobs data lowered expectations for a Federal Reserve rate hike.

Leading cryptocurrencies reversed course on Tuesday, June 30, amid negative sentiment in the market, but analysts believe the sell-off may have carved out a bottom.

Leading cryptocurrencies ticked higher on Wednesday, July 1, while stocks retreated, as Federal Reserve Chair Kevin Warsh called inflation "too high."