Stocks Retreat as Tech Stocks Fall and the US Labor Market Weakens

Bitcoin (^BTCUSD) is down more than -7% today to a 1.25-year low as negative momentum deepened across cryptocurrencies. Bitcoin is down about 45% from its October record high, and inflows into US spot Bitcoin ETFs have reversed, with about $2 billion coming out of Bitcoin ETFs over the past month and more than $5 billion pulled out over the past three months, data compiled by Bloomberg show.Fed Governor Lisa Cook said she supported last week’s Fed decision to hold interest rates steady because she now sees ...