Event Dime

Market Sell-Off Wipes $2.5 Trillion as Jobs Data, AI Concerns Shake Investors

Outdoors & Adventure
When:
June 5, 2026 · 7:01 PM
Where:
Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600
Source:
Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

TLDR: The U.S. added 172,000 jobs in May, nearly doubling forecasts and pushing rate hike odds to 57% in one day. Broadcom’s refusal to raise AI targets triggered a 12.6% stock drop, sparking fears of overvalued AI positions. SemiAnalysis reported Nvidia’s new chips need half the expected memory, sending SK Hynix and Samsung shares sharply [...] The post Market Sell-Off Wipes $2.5 Trillion as Jobs Data, AI Concerns Shake Investors appeared first on Blockonomi.

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  • City coverage

    600

  • Primary source

    Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

  • Categories

    Outdoors & Adventure