Bitcoin: $80 Billion Lost in $2.5 Trillion Rout
Bitcoin drops 6.31% to $59501.38 as S&P 500, Nasdaq and gold erase $2.5 trillion after hot May jobs data and AI trade cracks.
SourceAnalysis
Bitcoin fell 6.31 percent, erasing $80 billion, as equities, gold and silver triggered a synchronized $2.5 trillion liquidation after the May jobs report printed 172,000 versus the 88,000 expected.
Stronger-than-forecast hiring at 3.8 percent inflation and $90 oil lifted the odds of a 2026 rate hike to 57 percent, pressuring growth assets while Broadcom missed AI guidance and SemiAnalysis cut memory demand forecasts for Nvidia chips.
BTC price prediction models now face a crypto market crash scenario as price tests the lower Bollinger Band support at $59795.87 with RSI at 19.29 and MACD locked in a death cross below the EMA50 resistance at $68329.02; institutional desks see a probable bounce only after a retest of the $59795.87 level before any sustained recovery attempt.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
Premium Sponsors
.jpg)