Bitcoin fell back below $80,000 after the US economy delivered a stronger-than-expected jobs increase in August, according to Cointelegraph. The surprise nonfarm payrolls reading prompted traders to reassess the likelihood of a Federal Reserve interest-rate cut this month, adding pressure to the cryptocurrency. The move highlights Bitcoin’s sensitivity to shifts in expectations for US monetary policy, with the latest labor-market data influencing rate-cut pricing. Cointelegraph reported the market reaction on September 4, 2026. The report did not provide further details on the size of the payrolls increase or Bitcoin’s precise trading level after the decline.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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