Key facts
- Bitcoin fell to $59,227 overnight.
- A strong jobs report triggered a broad market selloff.
- The Nasdaq 100 declined approximately 5%.
- Over $1.6 billion in cryptocurrency liquidations occurred.
Bitcoin experienced a sharp decline, dropping to an overnight low of $59,227. This selloff was triggered by a stronger-than-expected jobs report, which also caused a broader market decline across stocks and bonds. The Nasdaq 100 index saw a significant drop of approximately 5%. The volatility in the crypto market led to over $1.6 billion in liquidations. Following the rout, Bitcoin has since recovered and is trading above $61,000.