Gold Silver Crypto: $835B Erased on Jobs Data
Gold Silver Crypto shed $835 billion in 25 minutes after stronger-than-expected US jobs data lifted odds of Fed rate hikes instead of cuts.
SourceAnalysis
Gold, Silver and Crypto lost $835 billion in market value within 25 minutes after US jobs data beat forecasts, prompting traders to price in a higher chance of Fed hikes rather than cuts. The rapid selloff underscores how resilient employment figures can shift rate expectations overnight and trigger broad liquidations across rate-sensitive assets. Markets now watch whether the data sustains pressure on Bitcoin and precious metals through the next sessions amid ongoing crypto market crash concerns.
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