Sa 6/6 | Daily Crypto & Macro News

Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:🚨 Major Headlines & Market Moves 🚨- Stronger-than-expected jobs data pushed Treasury yields higher, with the 10-year note rising above 4.5 percent, contributing to broad market pressure and reduced rate cut hopes.- Bitcoin fell below $60,000, briefly touching around $59,100.- Over $1.75 trillion wiped from the US stock market and around $130 billion from crypto market cap in a single day of heavy selling.- Tech stocks, particularly semiconductors, dropped the most, with the sector down around 4.6-5.8 percent; consumer staples and healthcare were relative bright spots.- President Trump called for lower interest rates and noted that stocks should rise following a strong jobs report.- Significant liquidations hit crypto, with over $1 billion in long positions wiped out in 24 hours and another billion earlier in the period.- Michael Saylor's Strategy Bitcoin holdings now show over $12-13 billion in unrealized losses.- Tom Lee's Bitmine Ethereum position sits at roughly $10 billion in unrealized losses.- Morgan Stanley launched in-kind creations for its spot Bitcoin ETF.- Congressman Nick Begich's Strategic Bitcoin Reserve bill text is now public.- Coinbase CEO Brian Armstrong remains bullish on Bitcoin through market cycles.- S&P 500 dropped 2.6% in its largest one-day decline since last October, with Bitcoin down 53% from its October peak.📊 Altcoin Market Updates 📊- Ethereum and broader altcoins faced pressure alongside Bitcoin, with Ethereum notably down around 69% from its all-time high.- Hunter Biden commented on fiat issues and highlighted decentralized digital currency and blockchain as the future.- Hyperliquid gained significant perp open interest share, with notable mentions and volume activity on Solana.- Privacy coins like ZEC saw sharp declines following exploits.If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.$BTC $SPY $QQQ $NVDA $ETH PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?Clere to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.Written by Timothy Assi, an Elite Popular Investor on eToro.Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.Connect with me on:🟦 Linkedin: Timothy Assi🟪 Instagram: @panic_drop⬛ X: @timoassi📧 [email protected]🟩 Panic Drop Podcast : on your favorite streaming appwww.panicdrop.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit panicdrop.substack.com/subscribe