Bitcoin just plunged to $66K as stronger-than-expected US jobs data slammed the brakes on March rate cut hopes. Nonfarm payrolls beat forecasts at 256K, unemployment ticked down to 4.0%, and wage growth accelerated—pushing Treasury yields higher and risk assets like BTC into the red.This isn't just a crypto blip; it's macro tightening in action.

The Fed's pivot now looks distant, with markets pricing in a higher-for-longer rate path. BTC's correlation with Nasdaq (0.7+ lately) amplifies the pain, as tech-heavy indices also sold off.Key takeaway for investors: In this environment, layer 2 scaling and real-world asset tokenization could shine as BTC stabilizes—hedging volatility with utility.

What's your read on the next Fed move?

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