Stock Market Volatility Rocks Bitcoin, Threatening $60K Support

Surging oil prices and rising producer inflation have pushed traders to price in a stricter US Federal Reserve policy, and the Nasdaq 100 slid 7.5% in the seven days leading up to June 10, wiping out $2.7 trillion in market value — more than twice Bitcoin’s market capitalization.

The sell-off has put markets on edge and left traders warning that Bitcoin’s support near $60,000 could be at risk. The ongoing war in Iran pushed Brent crude above $90, stoking fears of an economic slowdown and a longer stretch of tighter policy. The US Labor Department said the producer price index jumped 6.5% from May 2025, its highest level since 2022, and traders now see roughly 40% odds of a Fed rate increase by September, up from about 5% one month earlier, as shown by the CME FedWatch Tool.

Market signals have weakened: two-month Bitcoin futures traded below the 4% neutral premium to spot, suggesting low demand for bullish leverage.

United States

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