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Bitcoin Drops Below $80,000 as US Jobs Data Spurs Fed-Hike Bets

Nonfarm payrolls rose 162,000 in August, and traders now expect a quarter-point Federal Reserve increase at its Sept. 16-17 meeting.

Bitcoin dropped as much as 3.5% after stronger-than-expected US jobs data revived bets on a September Federal Reserve rate hike, abruptly reversing the cryptocurrency’s latest push above $80,000.

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The Straits Times broke the news in Singapore, Singapore on Monday, September 7, 2026.
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