📉 𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐒𝐰𝐢𝐧𝐠 𝐚𝐬 𝐓𝐫𝐮𝐦𝐩 𝐓𝐚𝐫𝐢𝐟𝐟𝐬 𝐓𝐚𝐤𝐞 𝐄𝐟𝐟𝐞𝐜𝐭, 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐄𝐲𝐞 𝐔.𝐒. 𝐉𝐨𝐛𝐬 𝐃𝐚𝐭𝐚
Crypto traders are navigating choppy waters today as Trump's new tariffs on metals kick in and markets brace for Friday’s key U.S. labor report.
📊 Market Snapshot (June 4)
BTC: $104,961 (▼ 0.7%)
ETH: $2,625 (▲ 1%)
XRP: $2.21 (▼ 1%)
SOL: $156 (▼ 2.6%)
Total Crypto Market Cap: $3.43T (▼ 2.6%)
💥 Liquidations: $205M
ETH: $52M
BTC: $40M
(78,832 traders liquidated — CoinGlass)
🏦 ETF Flows (SoSoValue)
🟢 BTC Spot ETFs: +$378M
🟢 ETH Spot ETFs: +$109M
💣 What’s Causing the Volatility?
🇺🇸 Trump’s new tariffs on imported steel/aluminum now at 25% (up from 10%)
📉 Market uncertainty ahead of Friday’s Nonfarm Payrolls (NFP) report
🪙 Thin liquidity amplifying price moves
📢 Expert Take
“Friday’s employment data will shape Fed policy expectations and influence risk appetite,”
— Dr. Kirill Kretov, CoinPanel
❄️ Weak NFP or rising unemployment → Higher chances of Fed rate cuts → Bullish for BTC & ETH
🔥 Strong wage growth → Renewed inflation fears → Bearish for crypto
⏳ All eyes on Friday’s report. Will it trigger a relief rally or fresh losses?
Stay sharp. The Fed is watching — and so is crypto.