🚨🚨🚨Bitcoin Dips Below $98K as Strong U.S. Economic Data Leads to $300M of Crypto Liquidations

Stronger-than-expected job openings and ISM Services PMI rolled back investor expectations for further rate cuts for this year. Bitcoin (BTC) fell more than 4% with major altcoins including ETH and SOL dropping 6%-9%.

Behind the move were renewed cycle highs in U.S. bond yields following stronger than expected economic data.

Investors continued to roll back their hopes for further Federal Reserve rate cuts, now pricing in only one rate reduction for the entire year.$BTC $ETH $BNB