🚀 Crypto markets took a hit as Bitcoin (BTC) dropped 5.5% and Dogecoin (DOGE) led losses with a 10% plunge. This downturn follows stronger-than-expected U.S. economic data, pushing Treasury yields higher and impacting both crypto and U.S. stocks.

- Liquidations hit $560 million as traders betting on higher prices were caught off guard.

- Analysts see this as a short-term blip, with potential for bullish movements ahead.

- U.S. job data and Treasury debt ceiling discussions could add to market volatility.

What are your thoughts on the current market dynamics? Share in the comments!