Crypto Cracks Late in Day, Bitcoin Slumps Below $ 106k

Bitcoin

Slipped More than 2.5% Over The Past 24 Hours to $ 105.900, But The Declines Were Far Steeeper in Altcoins, with Ether

Solana

Xrp

and Dogecoin

Among Those Tokens Sporting 5% -7% Drops.

Risk Assets in General Got Off to A Poor Start Thursday as President Trump Threatened Renewed Tariff Measures as the Early July Deadline for Trade Deals Begins to Get Near.

In Addition, with Nuclear Negotias with Iran Not Going Well, There Were Boosted Fears of Israeli Strikes Against Iranian Nuclear Sites.

“Look, There’s A CHANCE OF MASSIVE CONFLICT,” TRUMP TOLD REPORers at the White House on Thursday. “We have a Lot of American People in this Area, and I SAID, WE’VE GOT to Tell Them to Get Out, Because Something Flying. ”

“I DON’T WANT TO SAY IMMINENT, Buting LIKS IT’S CALING THAT COURCE VERY WELL HAPPEN,” TRUMP SAID ABOUT ISRAEL PETENTILLING STRIKING IRAN. He stated that he had advised against an attacked while the negotias were ongoing.

While US Stocks Were Able to Shake Off The Headlines and Close with Modest Gains, Cryptos Wren’s.

Green Shoots?The Rally in Risk Assets – Crypto Included – Over The Past Several Weeks Has Taken Place Amid A US Federal Reserve Seemingly Dermined Not to Ease Monetary Policy for the Foreseeble.

And Yet, There Continue to Be Signs That Weak Economic Data May Soon The Fed’s Hand – A Far Slowed Pace of Employment Gains and Weaker Inflation Numbers Among Them. Two More Data Points Arrived Thursday in May’s Producer Price Index, WHICH CAME IN SOFER THAN Forecast on Both the Headline and Core Levels, An Initial Jobless Clas Multi-month High of 248,000.

Continuing Jobless Claims Rose to 1.956 Million, The Third Consecutive Gain and The Highest Level Since November 2021.

President Trump Continued His Crusade to Goad Fed Chair Jerome Powell Into A More Dovish Posture, Calling Him A “Numbkull” For Not Cutting Rates. “I may have to form something,” Threatened Trump. Powell’s Term As Fed Boss Doesn’T endh 2026 and the president had previoously said firing him prior to that was not an option.