Bad news has just been bad news over the past 24 hours. Friday’s weak U.S. jobs report bolstered bets on deeper Fed cuts, but bitcoin BTC$110,542.77 hasn’t played along.

The leading cryptocurrency by market value remains heavy below $112,000, instead of rallying on the prospect of easier monetary policy as many had anticipated. The inability to find upside suggests potential for a deeper sell-off ahead.

NFP shock

Job seekers had a tough time in August as the nonfarm payrolls revealed just 22,000 job additions, significantly less than the Dow Jones’ projection of 75,000. The report also revised lower the combined job creation over June and July by 21,000. Notably, the revised June figure showed a net loss of 13,000.

Nine sectors, including manufacturing, construction, wholesale trade, and professional services, registered job losses, while health services and leisure and hospitality were bright spots.

The Kobeissi Letter called the jobs report “absolutely insane.” The newsletter service described the downward revisions in prior months as a sign of a broken system and the labour market entering recession territory.

Following the jobs data, the probability of a Fed rate cut at the Sept. 17 meeting surged to 100%, and the odds of a 50-basis-point cut jumped to 12%. The likelihood of additional rate cuts in November and December also increased, sending Treasury yields lower.

The upcoming revisions to earlier jobs reports are expected to add fuel to the rate cut bets. “The BLS will announce annual benchmark revisions on Tuesday, and they are expected to point to even weaker job growth earlier. Some surveys suggest between 500k and 1 mln jobs could be revised away,” Bannockburn Global Forex’s Managing Director and Chief Market Strategist, Marc Chandler said in a market update.

BTC’s double top is intact; volatility in Treasury yields may rise

Bitcoin briefly rallied on hopes of a Fed rate cut and softer yields, reaching a high of over $113,300. But the bounce quickly faded, with prices slipping back under $111,982 — the double‑top neckline.

Failing to retake that level underscored the late August double top breakdown and validates the bearish setup, keeping downside risks in focus. Prices crossing below the Ichimoku cloud further validates the bearish outlook, as Brent Donnelly, president of Spectra Markets, noted in a market update.

The first line of support is located around $101,700, which corresponds to the 200-day simple moving average (SMA). The latest double top breakdown in bitcoin closely mirrors the one from February this year, which led to a significant multi-week sell-off that pushed prices down to around $75,000.

The double top is a bearish reversal chart formation that occurs after an asset has experienced an uptrend. It forms when the price reaches a high point (the first peak), then pulls back to a support level called the neckline. The price then rises again but fails to surpass the first peak, creating a second peak at roughly the same level. The pattern is confirmed when the price breaks below the neckline, signaling that the previous uptrend has lost momentum and a downtrend may follow.

Treasury yields may turn volatile

The bearish technical outlook, presented by the latest double top breakdown, is reinforced by the possibility of a pickup in volatility in Treasury yields, which often leads to financial tightening.

The volatility could pick up in the coming days, as the impending Fed rate cuts could initially send the 10-year yield lower in a positive development for BTC and risk assets. That said, the downside looks limited and could be quickly reversed, much like what happened in late 2024.

Last year, from September through December, the 10-year yield actually rose, even as the Fed began cutting rates, reversing earlier declines that had occurred in the lead-up to September. The 10-year yield bottomed out at 3.6% in mid-September 2024 and then rose to 4.80% by mid-January.

While the labour market today appears significantly weaker than last year, inflation is relatively higher, and fiscal spending continues unabated, both of which mean that the yield could surge following the September rate cut.

“Why the 10yr yield rose from September through December 2024 is open to interpretation, but there was an underpinning of macro resilience, sticky-ish inflation and lots of talk on fiscal largesse as a medium-term risk. This time around, granted, worries on the economy are more intense. But offsetting this are ongoing fiscal concerns, and quite a different inflation dynamic,” analysts at ING said in a note to clients.

August CPI data due next week

When the Fed cut rates last September, the U.S. consumer price index was well below 3%. Since then, it has edged back up to 3%. More importantly, the August CPI data, due next week, is likely to provide further evidence of inflation stickiness.

According to Wells Fargo, the core CPI is likely to have risen by 0.3%, keeping the year-over-year rate at 3.1%. Meanwhile, the headline CPI is forecast to have risen 0.3% month-over-month and 2.9% year-over-year.

What you need to know

• Motorola announced its new Edge 2025, which boasts a 6.7-inch Super HD pOLED display, the MediaTek Dimensity 7400 chip, and a 50MP primary camera.
• The device is also the recipient of a new AI key, which lets users quickly surface Moto AI for on-screen content suggestions, custom playlists, and more.
• The Edge 2025 will be available on June 5 for $549 at Best Buy, Amazon, and Motorola.com.

Surprise; Motorola’s not done with its flurry of phone launches, as this next one is a series you might recognize.

Today (May 27), Motorola announced the launch of the Edge 2025 smartphone. Similar to the Edge phones of old, Motorola has continued to feature the curved-glass 6.7-inch Super HD pOLED display. However, the company states its newest display technology should give users roughly 13% “more resolution,” as well as 120Hz refresh rate.

The Moto Edge 2025’s display isn’t the only thing that’s upgraded, as Motorola highlights the device’s “redefinition” of protection plus design.

With that, the device features MIL-STD-810H (military standard) certification. Motorola states this should help protect the Edge 2025 from “extreme temperatures, up to 1.5-meter drops, and high-altitude locations.” Joining this is something to help the 6.7-inch display: Corning Gorilla Glass 7i.

This enhancement lends its strength to better protect the display from scratches and impacts.

The back of the Moto Edge 2025 sports a stylish soft leather finish, which is where another key bit of information dwells.

Cameras & Moto AI

The latest Edge features a triple rear camera array with a lead-off 50MP Sony LYTIA 700C primary camera. Motorola calls this its most “capable” camera array yet. With the Sony LYTIA sensor, the post states users can take more “vibrant” and “bright” shots in low-light scenarios. Joining this main sensor is the Edge’s 50MP ultrawide with Macro Vision built in.

Macro Vision enables users to take shots up to 2.5cm away from their target with clarity. Moreover, this camera’s strength is a notable upgrade from the 13MP ultrawide on the Edge 2024. There’s also a 10MP telephoto camera with Super Zoom capabilities. Another important upgrade is with the selfie camera, which Motorola says has jumped to 50MP from the past generation’s 32MP.

Moto AI is also showing up for users in a big way. The suite brings its Photo Enhancement Engine to the triple camera array to “reduce noise, accentuate details, and improve dynamic range.” Additionally, Moto AI lives right in the Edge 2025’s new AI Key.

Pressing this key will surface features like “Next Move,” which can give intelligent suggestions based on what’s on your screen. Users can even leverage this to create a custom playlist to match what they see. “Catch Me Up” will summarize missed notifications, “Pay Attention” concerns recordings and transcriptions, while “Remember This” will reportedly memorize key pieces of information present in your photos, like dates.

Most of the Edge 2025’s functionalities are enhanced further by MediaTek’s Dimensity 7400 SoC.

The Cutting Edge

Moto’s AI additions include Google Photo’s suite of photo editing tools, Gemini Live, and Circle to Search.

Elsewhere, the Edge 2025 sports a 5,200mAh battery to keep you scrolling for roughly two days on a single charge. This will, of course, be dependent on a multitude of factors, so your length between charges may vary. This battery is paired with 68W fast charging and 15W wireless charging capabilities.

Those interested in purchasing the Edge 2025 will find 8GB of RAM and 256GB of storage for photos, videos, and more.

The Moto Edge 2025 is available “universally unlocked” on June 5 for $549. Consumers can look for the phone at Best Buy, Amazon, and Motorola.com. The post states you may also find it at T-Mobile, Metro by T-Mobile, Total Wireless, Visible, Spectrum, and Xfinity Mobile “in the coming months.”

Consumers in Canada will also find the Moto Edge 2025 on June 5.

Intel (INTC 2.16%) launched its Arrow Lake family of desktop central processing units (CPUs), officially the Core Ultra 200 series, in late 2024. The company outsourced most of the manufacturing to TSMC, moved to a chiplet-based architecture, and managed to improve energy efficiency substantially, compared to its previous-generation chips. For productivity tasks, Arrow Lake performed well.

However, there were two problems. First, Arrow Lake’s gaming performance fell flat, losing to Intel’s last-gen chips. Some software fixes have improved the situation, but for those looking to squeeze every last frame per second out of their gaming PC, Arrow Lake isn’t the answer.

Second, pricing was on the high side. Not only were Arrow Lake CPUs expensive on their own, but they also required a new motherboard, making all upgrade paths pricier.

Arrow Lake CPUs have been selling below Intel’s original suggested retail pricing for a while, but the company is now officially slashing prices on one of its chips. The 265K, a mid-range part that was originally priced at $399, now has a suggested retail price of $299. Suggested retail prices for the higher end 285K and the lower end 245K are staying put, although actual retail prices vary.

While Intel’s price cutting is limited, the 265K is in the sweet spot for many potential customers, with most of the performance of the 285K for much less money. Featuring eight performance cores and 12 efficiency cores, the 265K is a solid all-arounder that falls a bit short in gaming and makes a lot more sense at $299 than it did at $399.

Image source: Getty Images.

A sign of things to come?

Intel replaced its CEO in March with Lip-Bu Tan, a veteran of the semiconductor industry and a critic of Intel’s sluggish pace and bureaucratic nature. Tan’s strategy revolves around cutting a bloated cost structure, putting out better products faster, and listening to customers. More aggressive pricing could be part of the equation as Intel looks to make Arrow Lake more competitive.

AMD‘s latest Ryzen 9000 series CPUs didn’t get great reviews, and retail pricing quickly dropped to reflect muted demand. But the Ryzen 9000 series looks a lot better relative to Arrow Lake, especially with Arrow Lake’s sky-high initial pricing.

AMD’s gaming-centric X3D variants, which feature ultra-fast cache memory capable of boosting gaming performance, are the undisputed kings of gaming CPUs. AMD noted in its first-quarter report that there was strong demand for its newest Ryzen chips, likely at the expense of Intel.

Intel also cut the prices of its Granite Rapids server CPUs in January, although there was no official announcement. The Granite Rapids family is the best set of server CPUs that Intel has put out in years, and it largely caught up to AMD in terms of core counts, performance, and efficiency. But like Arrow Lake, pricing skewed high.

There was a time not long ago, before AMD’s comeback, when Intel faced no real competition in either the PC or server CPU markets. The company’s dominance afforded it the ability to price its products high and generate impressive profit margins. With AMD now highly competitive and stealing market share, that era is over. With price cuts for Granite Rapids and Arrow Lake, Intel appears to finally recognize that it needs to compete on price to win back market share.

Intel has a long road ahead as it attempts to turn itself around. If recent price cuts are any indication, more aggressive pricing will likely be part of Tan’s strategy as he looks to stop the bleeding and regain some lost market share from AMD.