‘Green’ July off to a solid start
Bitcoin (BTC-USD) began trading at $61,492.99 on Friday, July 3, 2026, marking a 2.5% increase from the previous day’s opening price. By 8:45 a.m. ET, the value of bitcoin had climbed to $61,853.72.
Similarly, Ethereum (ETH-USD) started the day at $1,698.37, up 5.6% from its opening price on Thursday. At 8:45 a.m. ET, the price of ethereum had risen to $1,731.87.
The uptick in both bitcoin and ethereum prices can be attributed to the release of a June jobs report that fell short of expectations. Analysts had predicted a gain of around 115,000 jobs and an unemployment rate of 4.3% for the fourth consecutive month. However, the actual figures showed an addition of 57,000 new jobs and a slight decrease in the unemployment rate to 4.2%. These better-than-expected job numbers have lowered the likelihood of an imminent interest rate hike by the Federal Reserve.
Earlier in the week, it was noted that historical data suggested a pattern where a “red” June for bitcoin prices was often followed by a “green” July. Given that June was the worst month for bitcoin prices in four years, investors are hopeful that July will bring a positive trend back to the cryptocurrency market.
Looking at the current prices of bitcoin and ethereum, bitcoin has seen a 2.5% increase from the previous week, while ethereum has shown a 5.6% rise. However, compared to a month ago, bitcoin is down by 7.8% and ethereum by 8.6%. Looking back a year, bitcoin has decreased by 43.5% and ethereum by 33.9%.
It is worth noting that the all-time high for bitcoin was $126,198.07 on October 6, 2025, while the lowest value recorded was $0.04865 on July 14, 2010. For ethereum, the highest point was $4,953.73 on August 24, 2025, and the lowest was $0.4209 on October 21, 2015.
In a significant development for the cryptocurrency market, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for mortgage applications. This move aims to modernize the housing system and allow cryptocurrency holders to use their digital assets to purchase homes.
This initiative could potentially revolutionize how cryptocurrency is used in real estate transactions, opening up new possibilities for crypto investors looking to invest in property.
For more insights on the latest developments in the cryptocurrency world, stay tuned to Yahoo Finance and other reputable sources. The dynamic nature of bitcoin, ethereum, and other cryptocurrencies means that the market is continually evolving, presenting new opportunities and challenges for investors.
