Live updates: bitcoin below $62,000 ahead of jobs data as Zcash bug rocks crypto
liveUpdated 3 minutes ago
Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.
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Bitcoin (BTC) has mostly given up yesterday’s modest bounce, returning to $61,900 during U.S. morning hours, down 0.8% over the past 24 hours.
Coming in a few minutes is the U.S. Nonfarm Payroll Report for May. While the interest rate outlook has taken a back seat to other concerns amid this week’s crypto price crash, this morning’s data will nevertheless be significant.
Markets have swung from the certainty of rate cuts this year to rate hikes as inflation has risen, in part due to surging energy costs. About the only thing that might alter that outlook for rates would be a sizable downturn in the labor market.
If the interest rate outlook does another 180-degree turn (this time back to cuts), it could prove to be a tailwind to crypto markets.
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Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
May 29, 2026
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
Why it matters:
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.