World · Market · Global ·
Bitcoin falls below $80K on stronger-than-expected US jobs report
The US economy added 162,000 jobs in August, surpassing expectations and causing Bitcoin to decline below $80,000 as traders repriced the probability of a near-term Federal Reserve rate cut downward.
Why it matters for the crypto market
Macro employment data directly influences market expectations for Fed policy, which moves risk assets including Bitcoin.
Source: CoinDesk
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