Bitcoin Price Slips Below $80K as Jobs Data Lifts Hike Bets
8 Articles
8 Articles
A bitcoin is once again worth less than 80,000 dollars. Friday's US jobs report has brought an end to the recent rise of the world's largest cryptocurrency.
Bitcoin price slips below $80K as jobs data lifts hike bets
Bitcoin price fell back below $80,000 after stronger-than-expected US employment data lifted Federal Reserve rate-hike expectations, while technical charts showed the rally had already met resistance near $82,500. Bitcoin price falls below $80,000 According to data from crypto.news, Bitcoin (BTC)…
Bitcoin broke the psychological level of USD $80,000 and operates close to USD $79,761.63 after a stronger-than-expected U.S. employment report, which set alarms on a more restrictive Fed. This report breaks down technical levels, volume context and scenarios for crypto investors.
162,000 Jobs Crush Bitcoin Under $80K as Fed Rate Odds Split 50/50
Bitcoin cracked below $80,000 Friday. The trigger was a jobs report almost nobody saw coming. The U.S. economy added 162,000… Read the original on Jobs Surprise Sends Bitcoin Below $80K as Fed Rate Odds Split 50/50. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin Drops Below $80K After Surprise US Nonfarm Payrolls Print
The US jobs report landed hotter than many economists expected in August, and the immediate ripple was felt across risk assets—including Bitcoin. According to figures released on Friday, the US economy added 162,000 nonfarm payroll jobs, roughly three times the consensus estimate of about 56,000. Bitcoin initially slid from around $81,300 to local lows near [...]
Surprise nonfarm payrolls print sends Bitcoin back below 80K
The 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.
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