Bitcoin Holds Near $62,900, Pulling Back From $64,000 Peak

Bitcoin traded near $62,900 on Thursday, July 9, 2026 (18 Tir), pulling back after briefly topping $64,000 days earlier for the first time. According to CoinDesk, the cryptocurrency has rallied nearly 10 percent since the start of July, driven largely by shifting expectations for Federal Reserve policy. A weaker than expected US jobs report, showing only 57,000 new jobs, fueled speculation that new Fed Chair Kevin Warsh will pursue more aggressive interest rate cuts.