The US economy added 172,000 jobs in May, more than double the expected 80,000-85,000, causing a sharp market reaction. The Nasdaq fell over 4%, the S&P 500 dropped 2.6%, and Bitcoin slid below $62,000 as investors priced in a higher chance of Federal Reserve interest rate hikes. Treasury yields rose to 12-month highs, reflecting expectations of tighter monetary policy. This event highlights how strong labor data can trigger broad market selloffs, including in crypto, due to increased opportunity costs of holding non-yielding assets like Bitcoin.
Bitcoin's price dropped below $62,000, continuing a 14% monthly decline driven by increased selling pressure from large holders (whales) and $4.4 billion in Bitcoin ETF outflows. Whale deposits to Binance surged, signaling potential further selling, ...
Wall Street's major indexes closed lower on June 3 due to escalating US-Iran military tensions, causing oil prices to surge and investor confidence to wane. The Dow Jones fell 1.2%, the S&P 500 dropped 0.74%, and the Nasdaq slid 0.89%. Bitcoin also d...
Bitcoin's price dropped sharply below the $65,000 support level, triggering $1.8 billion in leveraged crypto liquidations—the highest since January 2026. This decline is driven by ongoing spot Bitcoin ETF outflows totaling $4.37 billion over 13 days,...
