Bitcoin fell below $62K and the Nasdaq dropped 3% as investors pull back ahead of the May CPI report expected at 4.2%. Fear and Greed Index hits 10.

The Nasdaq dropped nearly 4% as AI stocks including Nvidia, Broadcom, and Micron tumbled on rate-hike fears, dragging Bitcoin below $60,000.

US stocks plunged as May's 172,000 job gains doubled expectations, sending the Nasdaq down 4%, Treasury yields to yearly highs, and Bitcoin below $62K.