Bitcoin Spikes to $87K on Weak Jobs Data, Then Gives It All Back

COPPER

This is part of a global reflation trade: weak US data weakens the dollar and lowers real yields, historically a tailwind for both industrial metals and crypto. But with Fear & Greed at 70 and BTC dominance elevated, the market is crowded long, making the reaction function asymmetric—good news may be sold.

Copper

Copper prices rose for a second session after a US employment report eased pressure on the Federal Reserve to raise interest rates.

Copper Rises a Second Day as Soft US Jobs Data Eases Fed Rate-Hike Pressure

Copper's Fed-Pivot Rally Is Quietly Undermining the 'Digital Gold' Narrative for Bitcoin

Gold Surges Above $4,400 as US Economy Loses 23,000 Jobs

Yen Rallies, Gold Jumps After US Jobs Report

Bitcoin Double Top Signals Potential 14% Drop as Long-Term Holders Turn Sellers

Strong US Jobs Data Sends Crypto Reeling as Rate Cut Hopes Fade

Strong Jobs Report Pushes Fed Rate Cut Hopes Further Out

U.S. Jobs Data Surprises to the Upside, Prolonging High-Rate Pressure on Crypto Markets

Copper, Base Metals Slide Ahead of Key US Jobs Report