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Fed December rate-hike odds rise after strong U.S. jobs data, pressuring Nasdaq and crypto

Fed December rate-hike odds rise after strong U.S. jobs data, pressuring Nasdaq and crypto

A stronger-than-expected June 6 U.S. jobs report lifted expectations of tighter Federal Reserve policy, pushing Bitcoin below $60,000, sending the Nasdaq down 3%, and stressing leveraged crypto positions.

BTC
WETH

Fact Check
Both numeric claims are directly corroborated: PANews and BlockBeats (both dated 2026-06-05) confirm the U.S. rate futures move from 48% to 63% for a Fed December hike after the strong jobs data. Kalshi's own 'Next Fed rate hike?' market and CNBC reporting both confirm the 64% odds on a Fed increase before July 2027.
Summary

A stronger-than-expected U.S. jobs report on June 6 led traders to scale back expectations for Federal Reserve easing, with U.S. interest-rate futures implying a 63% chance of a December rate hike, up from 48% before the release. Kalshi traders also assigned a 64% probability to a Fed rate increase before July 2027. The repricing triggered a broad risk-off move: Bitcoin fell below $60,000, the Nasdaq was down 3.00% at publication, and leveraged crypto positions came under pressure, including a partial liquidation of an on-chain whale long 104,772.57 WETH. During the selloff, trader "Set 10 Big Targets" opened a 2,835.32 BTC position at $60,153.8, worth about $170 million, while Killa was reported to be adding slowly and Ansem urged caution on bottom-fishing.

Terms & Concepts
  • interest-rate futures: Derivatives tied to expected policy rates and used to gauge market expectations for central-bank moves.
  • Kalshi: A prediction market where traders buy and sell contracts based on the probability of future events.
  • liquidated: Forced closure of part or all of a leveraged position after losses erode required collateral.