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BTCC / BTCC Square / CoingabbarEN /
Crypto Bloodbath After US Jobs Report—BTC and Ethereum Get Wrecked

Crypto Bloodbath After US Jobs Report—BTC and Ethereum Get Wrecked

Author:
CoingabbarEN
Published:
2025-06-06 18:30:00
20
1

Strong US employment data just sucker-punched crypto markets—Bitcoin and ETH tanked hard as traders panicked over potential Fed hawkishness.

Welcome to the casino: Where macro data turns digital gold into lead overnight. The 'uncorrelated asset' narrative? Yeah, that aged like milk.

Silver lining for degenerates? Double-digit dips just mean everything's on sale—until the next CPI print, anyway.

The US job data for May 2025 is now out, and it shows both good and bad signs. According to the US Bureau of Labor Statistics jobs report, the country added 139,000 new positions, which is more than what... Read More

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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