{"id":34659,"date":"2025-07-01T19:02:40","date_gmt":"2025-07-01T19:02:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34659"},"modified":"2025-07-01T19:02:40","modified_gmt":"2025-07-01T19:02:40","slug":"bitcoin-pulls-back-to-106k-after-record-monthly-close","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34659","title":{"rendered":"Bitcoin Pulls Back to $106K After Record Monthly Close"},"content":{"rendered":"<div>\n<p>Bitcoin slid on Tuesday as weakness in U.S. tech stocks appeared to spill over into crypto markets.<\/p>\n<\/p>\n<p>The crypto asset fell about 1% over the past 24 hours, trading at $106,175 at press time as traders took profits after ending June above the $107,000 for its highest-ever monthly close.<\/p>\n<\/p>\n<p>Sentiment equally soured in equities with shares of Tesla (TSLA) and Nvidia (NVDA) both taking heavy losses, dragging the Nasdaq lower by about 0.6% \u2014 a pattern that often weighs on digital assets. Tesla was lower by 5.4% in afternoon trade after the Donald Trump\/Elon Musk spat re-erupted alongside the momentum for passage of the GOP&#8217;s spending bill.<\/p>\n<\/p>\n<p>Major altcoins including Solana SOL, Cardano ADA and Avalanche AVAX posted steep declines, adding to a broader downturn across the crypto space. SOL led the way with a 6% decline following yesterday&#8217;s spike higher on news of imminent launch of an ETF.<\/p>\n<h5>Powell repeats vow to stay patient<\/h5>\n<p>Speaking in Europe at an ECB event, Federal Reserve Chairman Jerome Powell repeated recent comments about the U.S. economy being in a good spot, thus allowing for patience as the central bank mulls the idea of rate cuts.<\/p>\n<p>Powell&#8217;s comments Tuesday were of particular import given what&#8217;s now a clear split between him and at least two other Fed members, both of whom would like to see a July rate cut on the table. Powell did allow that a rate cut this month isn&#8217;t off the table, but gave little indication he&#8217;s considering easing policy in July.<\/p>\n<p>Thanks to the July 4 holiday, the government&#8217;s employment report for June will be released on Thursday this week. Economists are expecting jobs to have grown by 110,000 in June versus 139,000 the previous month.<\/p>\n<p>A sizable delta below that 110,000 level could quickly change sentiment about the Fed&#8217;s July decision.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin slid on Tuesday as weakness in U.S. tech stocks appeared to spill over into crypto markets. The crypto asset fell about 1% over the past 24 hours, trading at $106,175 at press time as traders took profits after ending June above the $107,000 for its highest-ever monthly close. Sentiment equally soured in equities with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34659","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34659"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34659\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}