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Bitcoin falls below $80,000 as hot US payrolls revive Fed hike risk
The 162,000 jobs gain lifted yields and the dollar, but the first selloff did not hold uniformly.
Brief by WorldPing · Original reporting by CryptoSlate
CointelegraphWorldPing Newsdesk
Surprise nonfarm payrolls print sends Bitcoin back below 80K
WorldPingThe US economy added far more jobs than expected in August, pressuring Bitcoin lower as traders repriced the odds of a Federal Reserve rate cut this month.
This is a short WorldPing brief. The full report was published by Cointelegraph.
Read the full report at CointelegraphMore coverage: all crypto & markets news on WorldPing.
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