BTC is currently priced at $60,585, down 5.33% today, with an intraday low of $60,333. Gold, silver, and oil are all falling.
Today's catalyst: The US non-farm payroll report was stronger than expected.
Then Trump said: "A strong economy means the stock market should rise, as it has been for the past 200 years. Economic growth doesn't mean inflation." He's using logic from 200 years ago.
The market is giving us the answer for 2026: the stronger the jobs, the further away interest rate cuts will be; the stronger the dollar, the more pressure risk assets will be on.
This is the modern version of "good news is bad news." Strong non-farm payrolls reduce the Fed's reasons for cutting rates, extend the high interest rate period by another quarter, and further tighten global dollar liquidity.
👉Gold is falling because the opportunity cost of holding gold has increased.
👉Oil is falling because a strong dollar is suppressing commodity pricing. 👉BTC is falling because it's being treated as a risk asset, not a safe-haven asset, in this environment.
Trump wants interest rate cuts + a rising stock market + a strong economy—all three simultaneously. The problem is that in the current monetary policy framework, these three cannot be achieved at the same time. A strong economy is precisely the reason the Fed won't cut interest rates.
What's even more interesting is the subtext: he's also caught in the trap.
The Trump administration's endorsement of BTC, from strategic reserves to public support, has created a strong political expectation. Now that BTC has fallen below $61K, with a daily drop of over 5%, this expectation is being eroded by reality.
It's not that BTC's logic is broken; it's that the macroeconomic gravity has always been there, and any narrative must pass this test.
Strong employment → no interest rate cuts → stronger dollar → tighter liquidity—this chain won't break down because of anyone's endorsement.
Many patterns have indeed held true over the past 200 years.
But one pattern has never changed: the market always knows the answer before the president.
DYOR (Not investment advice)
#BTC #Gold #NonFarmPayrolls #Trump
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OKX Chinese
8h ago
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Time to clock out! Time to activate #OKX Weekend Mode!
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Token Terminal 📊
13h ago
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As is widely known, USDC dominates the Solana stablecoin market.
However, what is less known is that USDC has actually experienced net capital outflows over the past year.
Paxos is the biggest contributor to stablecoin growth, with the combined market capitalization of USDG and PYUSD increasing by over $1 billion.
Ecosystem worth noting 👇
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Token Terminal 📊
06-04 23:45
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As is widely known, USDC dominates the Solana stablecoin market.
However, what is less known is that USDC has actually experienced net capital outflows over the past year.
Paxos is the biggest contributor to stablecoin growth, with the combined market capitalization of USDG and PYUSD increasing by over $1 billion.
Ecosystem worth noting 👇
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Cointelegraph
06-04 11:00
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🗞️ Want to know today's news? Here are our top ten stories:
🔸 According to the Financial Times, Trump's war with Iran has pushed U.S. oil inventories to their lowest level since 2004, and analysts warn that oil prices could reach $200 a barrel this summer.
🔹 The U.S. Commodity Futures Trading Commission (CFTC) has abolished its decades-old "no denial" policy, allowing the agency to reach settlements in enforcement cases even if the defendant continues to deny the charges.
🔸 According to Bloomberg, Anthropic has hired Morgan Stanley, Goldman Sachs, and JPMorgan Chase as lead underwriters for its upcoming IPO.
🔹 According to the Wall Street Journal, the U.S. House of Representatives voted 215-208 to strip Trump of the power to continue military action against Iran without congressional approval.
🔸 Senator Cynthia Loomis stated that passing the CLARITY Act before the July 4th recess is possible, but August might be a more realistic timeline given the ongoing efforts by lawmakers to consolidate multiple cryptocurrency-related bills.
🔹 Treasury Secretary Scott Bessant stated that he looks forward to working with lawmakers to establish a strategic Bitcoin reserve, and that work on this is "going all out."
🔸 According to CNBC, SpaceX is targeting an IPO price of $135 per share, which would value the company at $1.75 trillion and could potentially make it the largest IPO in U.S. history.
🔹 Days after President Trump signed a new executive order on artificial intelligence, OpenAI CEO Sam Altman met with lawmakers and Trump administration officials in Washington, D.C.
🔸 Mastercard expands its stablecoin settlement support, adding USDC, RLUSD, PYUSD, USDG, USDP, and SoFiUSD, supporting platforms such as Ethereum, Solana, XRP Ledger, Base, Arbitrum, and Polygon.
🔹 Microsoft releases the Majorana 2 quantum chip and hopes to deliver a commercially viable quantum computer by 2029.
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Kraken Pro
06-03 21:21
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🛢️ The oil market never stops.
And so does this challenge.
The WTIOIL Oil Futures Challenge is now open.
🗓️ June 3rd to 17th.
Prize Pool: $10,000 USDG. 120 paid slots. Rankings are based on actual profits.
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Terms and Conditions
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Cointelegraph
06-03 16:13
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🔥 Breaking News: Mastercard has expanded its support for stablecoin settlements, adding USDC, RLUSD, PYUSD, USDG, USDP, and SoFiUSD, supporting platforms such as Ethereum, Solana, XRP Ledger, Base, Arbitrum, and Polygon.
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Mars Finance
06-03 13:17
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🔔Mastercard Expands On-Chain Settlement, Betting on Stablecoins and 24/7 Financial Services
According to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, and weekend/holiday settlement services to meet the needs of real-time fund flows. The new framework will operate in parallel with existing fiat currency settlement processes, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos' PYUSD, USDG, and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. Financial institutions such as Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be among the first participants.
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Stop
05-28 23:15
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On the Aave V4 platform, global USDG deposits increased fivefold in a week.
To meet demand, the supply cap has been increased to 20 million coins.
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Stop
05-24 01:10
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Yesterday, deposits on the Aave V4 Ethereum core surged by 30%, currently standing just below $70 million.
USDG increased by $8 million, frxUSD by $5 million, and USDT by $1 million.
Total deposits across all Aave V4 hubs have now exceeded $80 million.