Bitcoin rises in early Asian trade, gaining 0.6% to $64,167.13. The cryptocurrency's recent gains are driven by the softer-than-expected U.S. jobs print for June, which immediately eases rate hike pressure, Sygnum Bank chief investment officer Fabian Dori says. Still, while growing rate cut hopes may appear to be a positive catalyst for bitcoin, they don't automatically signal a bullish market. "With a hawkish Fed focused on inflation credibility, one soft report may not be enough to move [the market]," Dori adds. Instead, bitcoin's ability to hold on to its gains will depend less on the latest macro headlines and more on underlying market liquidity, Sygnum says.(jason.chau@wsj.com)