According to @StockMKTNewz, Bitcoin (BTC) experienced a modest dip to just under $109,000 following the release of a stronger-than-expected U.S. June jobs report. The report, which showed 147,000 jobs added versus a 110,000 forecast, has reinforced the Federal Reserve's patient stance on interest rate cuts, significantly lowering market expectations for a July rate reduction. This macroeconomic development followed an earlier pullback for BTC from its record-high monthly close, a move attributed to weakness in U.S. tech stocks. The broader crypto market also saw declines, with major altcoins such as Solana (SOL), Cardano (ADA), and Avalanche (AVAX) posting losses amid the shifting sentiment.

According to @KobeissiLetter, the U.S. economy added 147,000 jobs in June, significantly surpassing the 110,000 forecast and pushing the unemployment rate down to 4.1%, as reported by the Bureau of Labor Statistics. This robust data reinforces the Federal Reserve's patient stance on monetary policy, diminishing trader expectations for a near-term rate cut. In response to the news, the price of Bitcoin (BTC) saw a modest dip to just under $109,000 after briefly topping $110,000. Concurrently, the crypto market is facing severe security challenges, with a TRM Labs report indicating a record $2.1 billion was stolen in the first half of 2025. The report attributes $1.6 billion of these losses to North Korean-linked hacking groups, highlighting a shift towards more lucrative infrastructure-level breaches over traditional DeFi exploits.

According to @KobeissiLetter, the U.S. June jobs report significantly exceeded expectations, potentially delaying Federal Reserve interest rate cuts and impacting the cryptocurrency market. The economy added 147,000 nonfarm payrolls, surpassing the 110,000 forecast, while the unemployment rate fell to 4.1%, below the expected 4.3%, as reported by the Bureau of Labor Statistics. This strong economic data reinforces the Federal Reserve's patient stance on monetary policy. Consequently, the probability of the Fed holding rates steady in July surged from 75% to 95% following the report, according to CME FedWatch data. In the immediate aftermath, the price of Bitcoin (BTC) experienced a modest dip to just under $109,000, after briefly topping $110,000 for the first time in a month.

According to @KobeissiLetter, the stronger-than-expected U.S. jobs report for June has significant implications for cryptocurrency traders. The economy added 147,000 nonfarm payrolls, beating the 110,000 forecast, while the unemployment rate fell to 4.1%, according to the Bureau of Labor Statistics. This robust data caused the price of Bitcoin (BTC) to dip modestly to just under $109,000 shortly after the release, following a recent climb above $110,000. The strong employment figures reinforce the Federal Reserve's patient stance on monetary policy, leading traders to drastically alter rate cut expectations. Citing CME FedWatch data, the report notes that the probability of the Fed holding rates steady in July jumped from 75% to 95%, while the odds of a rate cut by September fell from 95% to 78%. This shift suggests a less favorable environment for risk assets like Bitcoin in the short term, as higher interest rates can reduce liquidity.

According to Andre Dragosch, several factors support a bullish case for Bitcoin (BTC), despite conflicting economic data. Dragosch highlights that the US Dollar Index (DXY) falling to its lowest level since March 2022 is a 'very bullish' signal for global money supply and Bitcoin. This is complemented by the strong performance of Nvidia (NVDA) stock, which hit a record high and maintains a strong positive 90-day correlation of 0.80 with BTC. Further supporting a risk-on environment, bond markets are signaling a potential recession with a steepening yield curve, as noted by Kurt S. Altrichter, and consumer confidence has dropped to levels that historically precede a downturn. However, a stronger-than-expected U.S. June jobs report, with 147,000 payrolls added, has complicated the outlook. This robust data supports the Federal Reserve's patient stance on monetary policy, causing traders to significantly reduce bets on a July rate cut and leading to a modest dip in BTC's price from its one-month high above $110,000.

According to @rovercrc, Bitcoin (BTC) has surged past the $110,000 level for the first time since June 11, propelled by over $407.78 million in net inflows into U.S. spot Bitcoin ETFs. This rally has boosted the broader crypto market, with memecoins like BONK and FARTCOIN gaining over 20%, signaling a renewed risk appetite among traders. Alex Kuptsikevich, an analyst at FxPro, suggests that BTC could test its historical high near $112,000 this week, but warns that the upcoming U.S. employment report could act as a significant market catalyst or obstacle. The analysis also highlights a long-term cultural shift noted by Jeff Park of Bitwise Asset Management, where owning one whole Bitcoin is becoming a new financial aspiration, indicating strong underlying conviction despite short-term market volatility. The $104,000–$105,000 range has been identified as a critical support zone during recent pullbacks.

According to The White House (@PressSec), recent economic measures under the Trump administration have resulted in 139,000 new jobs, a $2.8 trillion deficit cut through tariffs, and the trade deficit being halved. Notably for crypto traders, a proposed $9.4 billion reduction in DOGE (Digital Outlays for Government Expenditures) is being discussed. These fiscal strategies could lead to increased liquidity in financial markets and may influence cryptocurrency adoption and volatility, as government spending adjustments often impact investor sentiment across traditional and digital assets. Crypto traders should monitor ongoing government policy developments for potential market-moving catalysts. Source: The White House (@WhiteHouse), June 7, 2025.