Bitcoin steadies after bruising selloff as jobs data offers a glimmer
Bitcoin has stabilized around $66K after a significant selloff, aided by a positive ADP employment report. The report indicated 122,000 new jobs added in May, which provided a brief respite for the crypto market. However, the overall sentiment remains negative, with major cryptocurrencies continuing to decline.
- ▪Bitcoin dropped approximately 18% from $81K to $66K before stabilizing.
- ▪The ADP report showed the strongest hiring in 16 months, with 122,000 new jobs added.
- ▪The broader crypto market remains in 'Extreme Fear' territory, with a Fear and Greed Index reading of 11.
Opening excerpt (first ~120 words) tap to expand
Bitcoin steadies after bruising selloff as jobs data offers a glimmer A stronger-than-expected ADP report gives crypto markets a brief exhale, but Friday's nonfarm payrolls loom as the real test. Share Add us on Google by Estefano Gomez Jun. 3, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Bitcoin found a floor Wednesday, hovering near $66K after shedding roughly 18% of its value over recent weeks in a slide from $81K.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
