U S Jobs Report

Bitcoin climbed above $65,000 after a weak U.S. jobs report cooled fears of further Federal Reserve rate hikes. Most major cryptocurrencies traded higher on the week, though XRP lagged as the only large token in the red across both daily and weekly views.

AUD/USD is holding near the lower edge of a rising wedge after pulling back from a near two-month high. Traders are watching U.S. employment data for signals that could shift Federal Reserve expectations and determine whether the pair breaks support or resumes its recent climb.

U.S. job creation cooled sharply in June, with payroll gains far below expectations even as the unemployment rate edged lower. The softer report may ease pressure on the Federal Reserve and helped push bitcoin lower after the release.