ð” Friday’s Market Meltdown: Why Did Bitcoin, Gold, and Stocks Crash on Good News? On Friday, financial markets experienced a brutal sell-off despite the US releasing its strongest jobs report in a year and a half. This surprising labor data, typically a sign of economic strength, instead fueled fears of more aggressive interest rate hikes by the Federal Reserve. Investors rushed out of risk assets, sending Bitcoin, gold, and Wall Street tumbling. ð” What Happened? – The US jobs report far exceeded expectations, signaling a robust labor market. – Analysts at the Kobeissi Letter explained that this good news paradoxically boosted tightening expectations and triggered risk-off flows. – The sell-off hit not only traditional markets but also crypto, DeFi, and exchange activity, highlight




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