The U.S. employment market remained strong in June, the U.S. Bureau of Labor Statistics reporting the addition of 206,000 jobs, topping estimates for 190,000.

The price of Bitcoin dipped a hair to $55,300 in the minutes following the news, but the drop is negligible given the roughly 10% crash over the past

48 hours as the markets dealt with the crush of supply coming from Mount Gawks' repayments

and German government sales. Mount Gawks said on Friday that it started making repayments to customers

ending a near 10-year wait for some users to get their crypto back after a 2014 hack sent the exchange

into bankruptcy. The company was once the world's top crypto exchange handling over 70%

of all Bitcoin transactions in its early years. The hack resulted in the loss of an estimated

740,000 Bitcoins. And U.S. crypto-adjacent stocks were in the red and pre-market trading as Bitcoin crashed to the lowest level since February.

Michael Saylor Software Company Microstrategy, which holds over 210,000 Bitcoin and Bitcoin Miner Hut 8, were the worst affected, sliding 8.5 and 9.5% respectively.

Other mining companies, including Marathon Digital, CleanSpark,

and Riot platforms fell between 6 and 7.5%. Crypto Exchange Coinbase lost 6.5%. As of time of

reporting, Bitcoin was at around $55,500. Eath was just below $3,000. And the broader Coin Desk 20 index was at around 1850 down almost 5% on the day.

That's it for CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time.