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Economic Calendar Heats Up: CPI, Jobs Data Drive Markets June 06
Forex Factory tracks US CPI, jobs report, and global inflation data this week. Key economic releases drive currency market volatility.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.
AI Bubble Shows Dot-Com Parallels as Nasdaq Crashes 4%, June 06
Ray Dalio warns AI stocks mirror dot-com bubble patterns as chip stocks crash. Goldman Sachs questions AI ROI amid Broadcom’s weak guidance.
Nasdaq Crashes 4.18% on Chip Selloff, Worst Day Since April 2025
Nasdaq fell 4.18% to 25,709.43 on June 5 as chip stocks crashed and Treasury yields rose, triggering a broad market selloff.
Dogecoin USD Plunges 7.97% Daily as Memecoin Selloff Intensifies
Dogecoin USD drops 7.97% daily to $0.0812 amid broader memecoin selloff as Bitcoin approaches $60,000.
XRP Falls 5% to $1.11 as Adoption Stalls, June 06
XRP drops 5% to $1.11 amid oversold conditions, down 70% from $3.66 peak despite Ripple’s bank adoption efforts.
Dow Hits Record 51,562 as Investors Flee AI Chips, June 06
Dow Jones hits record 51,562 as Broadcom’s AI guidance miss sparks rotation from tech into financials and healthcare.
Wrapped TRON USD Drops 0.70% to $0.3624 Amid Market Shift
WTRXUSD falls 0.70% to $0.3624 with $31.7B market cap. RSI overbought at 74.81. Technical analysis and price forecast inside.
Micron Stock Crashes 13% as Broadcom Shocks Chip Market, June 06
Micron stock fell 13% after Broadcom missed AI revenue guidance, erasing $94B in market cap amid semiconductor sector concerns.