Bitcoin rises slightly but sentiment remains cautious after the cryptocurrency's recent selloff, IG analyst Chris Beauchamp says in a note. Bitcoin has closed below $60,000 twice over the past week, he says. Markets are betting on U.S. interest rate rises, weighing on bitcoin as a risky asset, he says. The U.S. nonfarm payrolls report on Thursday could provide hints on whether the Federal Reserve can ease back on its recent rate hike rhetoric, he says. "Meanwhile, outflows from bitcoin and gold funds have continued apace, matched by the rush into semiconductor stocks." Bitcoin rises 0.5% to $59,863, having reached a 21-month low of $58,075 last Thursday, LSEG data show. (renae.dyer@wsj.com)