Hotter US Jobs Data Lifts Yields, Sends Bitcoin Below $62,000

U.S. nonfarm payrolls surged to 172,000 in May, far exceeding the 85,000 consensus forecast and rekindling expectations for further Fed rate hikes. The stronger-than-expected print drove the 10-year Treasury yield to 4.52% and pushed Bitcoin below $62,000, reversing earlier optimism that softer data would support risk assets. Nasdaq 100 futures fell about 1.2% while gold slipped 1.1%, as markets quickly priced in a tighter policy path.