Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On June 6, the long-awaited first "Wash Era" non-farm payroll report came in far hotter than expected, making any imminent rate cut all but impossible. A rate hike is now the market’s prevailing consensus. Data from CME’s FedWatch tool showed the probability of a Fed rate hike by December this year topped 67% at one point. U.S. stocks took a severe beating, with AI and semiconductor shares leading the selloff. Per Bitget data, at Friday’s market close, the Dow Jones Industrial Average initially dipped 1.35%, the S&P 500 fell 2.65% (ending its nine-week winning streak), and the Nasdaq dropped 4.18%. The S&P notched its worst single-day loss since October 2025, while the Nasdaq saw its steepest daily decline since April 2025. Most semiconductor stocks sank— the Philadelphia Semiconductor Index (SOX) plummeted 10% at close, marking its biggest one-day drop since April 2025. NVIDIA slid over 6%, TSMC fell 6.68%, Broadcom dipped nearly 8%, and Intel cratered more than 11%. Bonds, gold,

BitMEX Co-Founder Arthur Hayes offloaded all his Worldcoin (WLD) holdings and closed out his entire WLD position on June 6, citing unfavorable market momentum for the cryptocurrency. This comes after Hayes fully liquidated his positions in HYPE, NEAR, and ZEC in prior portfolio adjustments.

June 6: Fueled by strong U.S. jobs data, markets are broadly expecting the Federal Reserve to raise interest rates this year—placing heavy pressure on gold and wiping out all of its gains so far this year. During the U.S. trading session, spot gold fell around 3.5%, dropping below $4,320 per ounce and failing to sustain its earlier upward trend. At the same time, bond yields and the U.S. dollar both climbed. The robust labor market has given Federal Reserve officials room to implement rate hikes, even as Middle East tensions push energy prices higher. Higher interest rates tend to weigh negatively on non-yielding precious metals. (Golden Finance)

June 6th. Per Alternative Data, today’s cryptocurrency Fear & Greed Index stands at 12, signaling the market remains in "extreme fear" territory. Note: The Fear & Greed Index ranges from 0 to 100, with metrics weighted as follows: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).

Per Coinglass data, as of June 6th, total crypto liquidations over the past 24 hours reached $1.829 billion, with $1.457 billion in long liquidations and $0.372 billion in short liquidations. Globally, 347,462 traders were liquidated in the same 24-hour window. The single largest liquidation took place on Binance for the BTCUSDT trading pair, amounting to $13.3164 million.

June 6 — Per LookOnChain monitoring, as the crypto market continues pulling back, the unrealized BTC losses held by Strategy have surpassed the unrealized ETH losses accumulated by BitMine. Led by Michael Saylor, Strategy currently holds 843,706 BTC at an average entry price of $75,699, translating to an unrealized loss of roughly $12.27 billion. For context, BitMine — an Ethereum treasury firm backed by Tom Lee — holds 5,416,901 ETH at an average price of $3,500, with a corresponding unrealized loss of approximately $10.35 billion.