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Bitcoin squeezes shorts in $108K spike as US jobs drop most in 2 years

cryptoweekly by cryptoweekly
July 2, 2025
in bitcoin, News
0

Bitcoin shorts are suddenly on the receiving end of punishment as a US employment data surprise injects fresh volatility into BTC price action.

Key points:

US private-sector jobs numbers declined more than 4% in June — the biggest drop since March 2023.

Bitcoin sees relief, building on a rebound which has begun to trap late short positions.

Read more

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Recent Posts
  • Bitcoin rallies to $109.7K but pro traders question BTC’s price momentum
  • OpenAI says Robinhood tokens are not equity in the company
  • Crypto should be about freeing people, not esoteric tech — Vitalik Buterin
  • LTC under $90: Buying opportunity or warning sign?
  • Is Zohran Mamdani really that bad for New York’s crypto industry?
  • BNB news update: Bulls target $719 after successful Maxwell upgrade
  • SEC Chair calls tokenization an 'innovation' in sign of regulatory shift

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