Bitcoin briefly falls below $60K for the first time since October 2024

Bitcoin slid below $60,000 for the first time in 19 months as a blowout US jobs report sent the dollar surging and dashed hopes for near-term Federal Reserve rate cuts. The world’s largest cryptocurrency extended its retreat after May payrolls came in above every economist estimate, reinforcing what strategists called the “US exceptionalism thesis” and driving demand for the greenback over riskier assets.

This is a developing story.

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