๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ๐ฌ ๐๐ฐ๐ข๐ง๐ ๐๐ฌ ๐๐ซ๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ข๐๐๐ฌ ๐๐๐ค๐ ๐๐๐๐๐๐ญ, ๐๐ซ๐๐๐๐ซ๐ฌ ๐๐ฒ๐ ๐.๐. ๐๐จ๐๐ฌ ๐๐๐ญ๐
Crypto traders are navigating choppy waters today as Trump's new tariffs on metals kick in and markets brace for Fridayโs key U.S. labor report.
๐ Market Snapshot (June 4)
BTC: $104,961 (โผ 0.7%)
ETH: $2,625 (โฒ 1%)
XRP: $2.21 (โผ 1%)
SOL: $156 (โผ 2.6%)
Total Crypto Market Cap: $3.43T (โผ 2.6%)
๐ฅ Liquidations: $205M
ETH: $52M
BTC: $40M
(78,832 traders liquidated โ CoinGlass)
๐ฆ ETF Flows (SoSoValue)
๐ข BTC Spot ETFs: +$378M
๐ข ETH Spot ETFs: +$109M
๐ฃ Whatโs Causing the Volatility?
๐บ๐ธ Trumpโs new tariffs on imported steel/aluminum now at 25% (up from 10%)
๐ Market uncertainty ahead of Fridayโs Nonfarm Payrolls (NFP) report
๐ช Thin liquidity amplifying price moves
๐ข Expert Take
โFridayโs employment data will shape Fed policy expectations and influence risk appetite,โ
โ Dr. Kirill Kretov, CoinPanel
โ๏ธ Weak NFP or rising unemployment โ Higher chances of Fed rate cuts โ Bullish for BTC & ETH
๐ฅ Strong wage growth โ Renewed inflation fears โ Bearish for crypto
โณ All eyes on Fridayโs report. Will it trigger a relief rally or fresh losses?
Stay sharp. The Fed is watching โ and so is crypto.
