The NASDAQ Composite fell 4.2% after May's 172,000 jobs surprise sent Treasury yields past 4.5%. Bitcoin briefly dropped below $60K amid the risk-off move.

May's 172K jobs report doubled forecasts, sending Bitcoin near $60K and the Fear & Greed Index to 12 as rate-cut hopes evaporate across crypto markets.

Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise interest rates later this year to combat…