World · Market · United States ·
US added 162K jobs in August, pressuring Bitcoin below $80K
The US economy added 162,000 jobs in August, significantly exceeding expectations. The stronger-than-expected labor market data caused traders to reprice Federal Reserve rate-cut odds downward, sending Bitcoin temporarily below $80,000.
Why it matters for the crypto market
A key macroeconomic data point directly affected crypto prices by shifting interest-rate expectations, which influences risk-asset demand including Bitcoin.
Source: CoinDesk
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