According to CoinMeta, the price of Bitcoin approached $62,747 in the early trading on August 3, and reached a high of $63,697 during the day. Investors are preparing for the release of five key U.S. economic data points. This week's key data includes Monday's ISM manufacturing PMI and Friday's official employment report. Trump canceled the planned strikes against Iran before the start of the U.S. trading week and stated that negotiations to reopen the Strait of Hormuz would begin on Monday. U.S. stock market futures rose after Trump announced the cancellation of the strikes, with the S&P 500 index increasing by 0.5%. Although Bitcoin briefly approached $63,700, it was unable to maintain its upward momentum, indicating a weaker reaction from the energy market. The market will closely monitor the upcoming economic data; strong employment or service data could support expectations that the Federal Reserve will maintain high interest rates.