๐ **CRYPTO REPORT โ 2 JULY 2026**
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๐ TODAYโS KEY NEWS
South Korea halted selling after the KOSPI index dropped 6.5%, with losses exceeding 400B won in market value.
According to the WSJ, gold could reach $5,000/oz by early 2027.
US Non-Farm Payrolls increased by 57,000 in June, significantly below the 113,000 forecast, signaling a cooling labor market.
White House advisor Hassett said employment data is consistent with a strong economy.
AI and semiconductor stocks extended losses, with Asian markets losing over $730B in value.
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โฟ BITCOIN
$BTC rose following the weaker-than-expected Non-Farm Payrolls data and is currently trading around 61,800.
The weaker labor data increased expectations that no further aggressive rate hikes may occur, providing short-term support to crypto markets.
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ CRYPTO MARKETS NEWS
Tiger Research turned more constructive on BTC, stating the market may be in the final stage of its bear cycle.
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๐ TOKEN UNLOCKS
MemeCore (M): ~56โ78M tokens, ~ $ 32โ45M value | HIGH selling pressure ๐ด
Note: One of the largest cliff unlocks of July; may create pressure in low liquidity conditions.
StakeStone (STO): ~20.67M tokens, ~$950Kโ1.05M | MEDIUM pressure ๐ก
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ญ OUTLOOK
Weaker-than-expected US jobs data triggered buying in risk assets. Fed rate hike expectations dropped sharply from ~30% to ~17%, with the probability of multiple hikes reduced after the release.
BLS projections suggesting unemployment could reach 61.1% by 2034 have raised concerns about longer-term economic weakness, though the estimate is seen as aggressive.
Markets may remain sideways tomorrow due to the US holiday.
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ TODAYโS KEY NEWS
South Korea halted selling after the KOSPI index dropped 6.5%, with losses exceeding 400B won in market value.
According to the WSJ, gold could reach $5,000/oz by early 2027.
US Non-Farm Payrolls increased by 57,000 in June, significantly below the 113,000 forecast, signaling a cooling labor market.
White House advisor Hassett said employment data is consistent with a strong economy.
AI and semiconductor stocks extended losses, with Asian markets losing over $730B in value.
โโโโโโโโโโโโโโโโโโโโโโโโโ
โฟ BITCOIN
$BTC rose following the weaker-than-expected Non-Farm Payrolls data and is currently trading around 61,800.
The weaker labor data increased expectations that no further aggressive rate hikes may occur, providing short-term support to crypto markets.
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ CRYPTO MARKETS NEWS
Tiger Research turned more constructive on BTC, stating the market may be in the final stage of its bear cycle.
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ TOKEN UNLOCKS
MemeCore (M): ~56โ78M tokens, ~ $ 32โ45M value | HIGH selling pressure ๐ด
Note: One of the largest cliff unlocks of July; may create pressure in low liquidity conditions.
StakeStone (STO): ~20.67M tokens, ~$950Kโ1.05M | MEDIUM pressure ๐ก
โโโโโโโโโโโโโโโโโโโโโโโโโ
๐ญ OUTLOOK
Weaker-than-expected US jobs data triggered buying in risk assets. Fed rate hike expectations dropped sharply from ~30% to ~17%, with the probability of multiple hikes reduced after the release.
BLS projections suggesting unemployment could reach 61.1% by 2034 have raised concerns about longer-term economic weakness, though the estimate is seen as aggressive.
Markets may remain sideways tomorrow due to the US holiday.