Copper Crash After US Jobs Data: Warning for Bitcoin?

Reporting from our crypto markets desk - copper prices just took a hit after surprising US jobs data, and this could spell trouble for Bitcoin and other cryptocurrencies. Here's what's happening and why crypto investors should pay attention.

Copper Miners Slump: How Strong US Jobs Data Could Hit Bitcoin Next

Copper Crash After US Jobs Data Warning for Bitcoin

What Happened to Copper?

The price of copper dropped to $10,042 per metric ton after the US reported stronger-than-expected job growth in June 2025. This made the US dollar stronger, which usually hurts commodities like copper that are priced in dollars. Major copper mining stocks fell between 0.5% to 4.5% after this news.

Here are the biggest copper miners and how much they dropped:

Company Stock Drop
Ero Copper -4.4%
Teck Resources -2.5%
Rio Tinto -2.2%

Why This Matters for Crypto

Bitcoin and copper might seem different, but they often react the same way to these economic changes:

  • Strong dollar = weaker crypto: Like copper, Bitcoin becomes more expensive for international buyers when the dollar rises
  • Interest rate fears: Good jobs data means the Federal Reserve might delay cutting interest rates, which hurts riskier assets
  • Miner connection: Bitcoin miners use lots of copper for their equipment - higher copper prices could hurt their profits

According to Marketscreener, the same jobs report that hurt copper could also pressure Bitcoin prices in coming weeks.

Copper Crash After US Jobs Data: Warning for Bitcoin?

What Happens Next?

Here's what crypto investors should watch:

  1. The Federal Reserve's next meeting in July - will they hint at rate cuts?
  2. Bitcoin mining stocks - could they drop like copper miners did?
  3. Copper prices - continued weakness might signal more crypto trouble ahead

While copper is down now, experts at Fortune Business Insights still predict growing demand for copper in electric vehicles and tech - which could help both copper and crypto recover later this year.

Key Takeaways

  • Strong US jobs = strong dollar = weaker copper and crypto
  • Bitcoin often follows similar patterns to copper in these situations
  • Watch Fed decisions and mining stocks for what comes next
Photo of Nisha

A crypto researcher passionate about digital finance, simplifies blockchain and DeFi trends into clear insights, empowering investors with smart strategies.

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