Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds
In brief The U.S. economy added 162,000 jobs in August, nearly triple the 53,000 economists expected, while unemployment held at 4.1%, according to the Bureau of Labor Statistics. Bitcoin fell back below $80,000 after...
Bitcoin 1 Minute
Here is the latest from the digital-asset markets: economy added 162,000 jobs in August, nearly triple the 53,000 economists expected, while unemployment held at 4. 1%, according to the Bureau of Labor Statistics.
Bitcoin fell back below $80,000 after touching a four-month high of $82,240 earlier Friday, as fed funds futures pushed September rate-hike odds to 58% from 49. The Dow fell 226 points and gold sank to $4,419 an ounce, while President Trump demanded lower rates on Truth Social hours after the report landed.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
