World · Market · United States ·
Strong US jobs data pushes Bitcoin below $80K as rate-cut bets fade
The US economy added 162,000 jobs in August, well above expectations. This cooling of rate-cut odds sent Bitcoin down as traders repriced the probability of a Federal Reserve interest-rate reduction this month.
Why it matters for the crypto market
Bitcoin and risk assets often rise when interest-rate cuts are expected and fall when rate hikes become more likely, since lower rates tend to favor riskier investments.
Source: CoinDesk
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