Bitget UEX Daily | Chip rebound fails to ease rate hike pressure; Bitcoin loses $75,000 again; AI orders face validation

Bitcoin fell 1.09% to $74,971.62 and Ether dropped 4.61% to $2,131.80 as the total crypto market cap slid 4.72% to about $2.50 trillion on roughly $49.02 billion in 24-hour volume, leaving BTC about 0.66% below Strategy's disclosed average cost of $75,451 across 849,327 tokens. The move came as a stronger-than-expected US October jobs report—165,000 nonfarm payrolls, 4.1% unemployment and a 0.4% monthly wage gain, with prior months revised up by 84,000—pushed the dollar and Treasury yields higher and undercut the case for near-term monetary easing. Crypto sentiment was also unsettled by reports that Microsoft is phasing out some Oracle GPU capacity leases tied to older Nvidia hardware, prompting investors to scrutinize contract renewals and utilization rather than broad AI demand narratives. Watch whether BTC can reclaim the $75,000 area and hold it, with the next US CPI print as the key test for rate expectations and risk appetite.