$BTC

📉 What Pulled $BTC Down Today — and Took the Whole Market With It?

Bitcoin briefly climbed above $110,000 following a stronger-than-expected U.S. jobs report (+147k jobs in June), but quickly reversed and is now trading around $107,845, down 1.2%. This triggered a broader sell-off across the crypto market: Ethereum dropped 2.6% to $2,505, XRP fell 1.4% to $2.21, and Solana slid 2.3%.

Two major factors explain the drop:

1. Macro and Trade Tensions: Rising fears over U.S. interest rates and Trump’s announcement of new trade tariffs (up to 30%) spooked investors across all risk assets.

2. On‑Chain Sell Signals: Whales moving large BTC volumes to exchanges hinted at a selloff, triggering liquidations across leveraged positions.

As Bitcoin leads the way down, the entire crypto space follows in red. Volatility may persist while markets process the economic outlook and geopolitical noise. Eyes are now on the Fed and upcoming policy signals — brace for impact or opportunity.