May payroll surprise hits BTC and gold as hike odds reach 75.5% and yields jump to 4.54%

Bitcoin traded near $61,100 on Wednesday, down 3% in 24 hours and 6.9% on the week, as a stronger May U.S. jobs report pushed expectations for higher rates and triggered broad risk-off selling. Gold also fell 2% to below $4,200 per ounce, while the 10-year Treasury yield rose to 4.54% and markets priced a 75.5% chance of rate hikes before year-end. The report showed 172,000 non-farm payrolls versus a 130,000 consensus estimate, with April revised up to 214,000.