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Nasdaq drops 3% as tech sell-off deepens, Bitcoin falls below $60K

Market News
09 Jun 2026
Crypto Briefing
View Source
Bearish
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The Nasdaq Composite fell about 3% on June 9, 2026, continuing a sharp tech sell-off triggered by a hotter-than-expected May jobs report. This report raised expectations that the Federal Reserve will hike interest rates later this year, causing investors to reprice growth stocks and risk assets. Semiconductor and AI stocks led the declines, with major names like Micron, Intel, and Nvidia seeing significant losses. Bitcoin also dipped below $60,000 amid the broader market downturn. The sell-off signals ongoing market uncertainty as investors adjust to the possibility of tighter monetary policy.

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