Stock Market Impact: Bitcoin recovered to $61,833 (+1.71%) after falling below $60,000, indicating short‑term resilience but overall market remains volatile due to recent liquidations and ETF outflows.
Listed Companies and Sectors: Major banks JPMorgan Chase, Bank of America and Citigroup announced a shared tokenized deposit network slated for 2027, signalling growing institutional adoption of blockchain.
Investment Flows: Spot Bitcoin ETF outflows continued; $7 bn of leveraged crypto positions were liquidated this week, with $5.7 bn losses from long positions.
Interest Rates, Inflation, and Liquidity: A stronger‑than‑expected U.S. jobs report pushed Treasury yields higher, reinforcing expectations that the Federal Reserve will keep policy rates elevated, which pressured risk assets including crypto.
Fiscal or Monetary Policy: No direct fiscal measures mentioned; the macro backdrop is dominated by U.S. labor market data influencing monetary policy stance.
