# BitcoinRalliesOver5Percent

On June 8, Bitcoin extended its rebound, gaining more than 5 percent over the past 24 hours and climbing back above 63,000 US dollars, recovering most of its recent losses. The rate hike fears triggered by the strong nonfarm payrolls data have been partially digested, giving the market some breathing room. Ethereum, Solana and other major altcoins also moved higher. Whether this short-term rebound can sustain depends on upcoming macro data and capital flows. 📊 Source: Gate Market Data