Bitcoin has fallen to $61,900, down 0.8% in 24 hours, as the U.S. prepares to release its Nonfarm Payroll Report for May. The report could influence the interest rate outlook, which has shifted from expected cuts to potential hikes due to rising inflation.

• 01Bitcoin (BTC) is currently priced at $61,900, reflecting a 0.8% decline in the last 24 hours.
• 02The U.S. Nonfarm Payroll Report for May is set to be released shortly, which could impact market sentiment.
• 03Inflation concerns, particularly rising energy costs, have shifted the interest rate outlook from cuts to potential hikes.
• 04A significant downturn in the labor market could lead to a renewed expectation of interest rate cuts.
• 05The crypto market remains sensitive to economic indicators, particularly those related to employment.