Bitcoin's Optimism: A Retreat from Two-Week Highs

Bitcoin retreated below $62,000 on Monday, slowing the pace of its recent rally. With InvestingPro, access premium crypto market analysis - now at a 60% discount. As of 09:40 ET (13:40 GMT), the world's largest cryptocurrency fell 2.0% to $61,584.20; it had reached a two-week high of approximately $64,000 in the previous session. The digital token had rebounded from a 21-month low below $58,000 tested last week, gaining about 5%. Market sentiment improved following the release of US June employment data, which fell short of expectations; the data reinforced expectations that the Federal Reserve would not raise interest rates this year. Investors also drew strength from comments by Federal Reserve Chairman Kevin Warsh, who said: