Market data shows that BTC briefly dropped below $60,000, currently recovering to $61,290.9, with a 24-hour decline of 3.5%. The market is experiencing significant volatility, so please ensure proper risk management.
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BTC Briefly Drops Below $60,000
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Yili Hua: US Stocks Correct as Expected, Decline Faster Than Anticipated
On June 5, Liquid Capital (formerly LD Capital) founder Yili Hua stated, "As we anticipated, US stocks have begun to correct, and expectations for interest rate cuts have changed. Trading is always the most challenging task; getting it right ten times and wrong once can lead to problems. It is essential to remain cautious and manage risks. The speed of this decline following the rebound has far exceeded expectations. However, it also comes with greater opportunities; historically, bear markets have been the time to make money, while bull markets often lead to losses." -
Fed's Harker: Maintaining Stable Rates is Reasonable for Now
On June 5, Fed's Harker stated that it may soon be time to adjust interest rates. Given the uncertainty, maintaining stable rates is reasonable at this time. -
President Trump: Recent Employment Report is Strong, Stock Market Should Rise, Not Fall
On June 5, U.S. President Trump stated that the recently released employment report is very strong, and the stock market should rise, not fall. This has been the case for the past 200 years. Economic growth does not mean inflation! -
SpaceX's Initial IPO Oversubscribed
On June 5, according to media reports, the number of subscriptions attracted by SpaceX's initial public offering (IPO) exceeded the number of shares available. -
Strong U.S. Labor Market, but Consumers May Worry About Negative Real Wage Growth
On June 5, Brent Schutte, Chief Investment Officer of Northwestern Mutual Wealth Management, stated that the U.S. labor market has moved away from the weak and limited growth experienced in 2025, showing signs of recovery and broader expansion. In 2025, the non-cyclical healthcare and social assistance sectors contributed to all job growth. The diffusion index, which had been below 50 for nine months in 2025, has rebounded to above 50 in the last five months, reaching 54.4 in May. The good news for consumers is that the labor market is strong and employment is stable. However, concerns about future spending arise as real wages are experiencing negative growth, with average hourly earnings up 3.4% year-on-year and inflation at 3.8%. The Federal Reserve may lean towards a wait-and-see approach, but its focus is likely to shift towards the inflation aspects of monetary policy. -
Nasdaq China Golden Dragon Index Falls by 2%
The Nasdaq China Golden Dragon Index has declined by 2%, with Baidu (BIDU.O) dropping nearly 7%, NIO (NIO.N) and Xpeng Motors (XPEV.N) falling over 3%, and Alibaba (BABA.N) decreasing by 1.3%. -
Spot Silver Falls Below $70/Ounce; Spot Gold Drops Over $100 in a Day
On June 5, spot silver fell below $70 per ounce for the first time since April 7, with a daily decline of 5.4%. Spot gold also dropped over $100 in a day, currently priced at $4,375.35 per ounce, reflecting a decrease of 2.24%. -
US Optical Communication Stocks Plummet, Mavenir Technologies Drops Over 8%
On June 5, US optical communication concept stocks collectively declined, with Mavenir Technologies and Nokia falling over 8%, Ciena and Coherent dropping over 7%, Corning decreasing over 6%, and Lumentum falling over 4%. -
Cryptocurrency Total Market Cap Falls Below $2.2 Trillion
On June 5, data from CoinGecko shows that the current total market cap of cryptocurrencies is $2.181 trillion, with a 24-hour decline of 5.0%. Bitcoin accounts for 55.8% of the market cap, while Ethereum accounts for 8.95%. -
Nasdaq China Golden Dragon Index Falls Over 2%
On June 5, U.S. stocks of Chinese companies collectively declined, with the Nasdaq China Golden Dragon Index dropping over 2%. Among them, Baidu fell over 7%, Pony.ai, WeRide, and EHang dropped over 6%, while CenturyLink, Hesai, Kingsoft Cloud, JinkoSolar, Global Data, LinkSure Tech, NIO, Xunlei, and Lexin fell over 4%. Tuya Smart, XPeng Motors, and Xingsheng Rongke declined over 3%, and Alibaba fell nearly 2%.
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