Bitcoin drops below $80,000 as US jobs data spurs Fed-hike bets
In this news:
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.
The token fell to as low as $78,649, alongside stocks and bonds after nonfarm payrolls increased 162,000 in August, topping every estimate in a Bloomberg survey, while the unemployment rate held at 4.1%. Two-year Treasury yields climbed and the dollar strengthened.
The reversal gives Bitcoin’s repeated struggle around $80,000 a fresh macro test. The cryptocurrency had reclaimed the level Thursday as falling yields and a weaker dollar buoyed risk assets after Fed Governor Christopher Waller signaled support for holding rates steady if inflation continued to ease.
“A clear rebound doesn’t settle the debate, it arms the hawks,” said Fabian Dori, chief investment officer at Sygnum Bank. “A strong print validates current September hike probabilities. But Treasury cash balances, bank balance-sheet capacity, private credit creation and stablecoin supply matter independently of short-term Fed decisions.”
Shares or crypto-related companies also declined. Crypto exchange Coinbase Global Inc. dropped around 4%, while Bitcoin accumulator Strategy Inc. and stablecoin issuer Circle Internet Group Inc. each slipped around 1%.
More stories like this are available on
Published on September 7, 2026
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.9982
Market Cap
$697.8M 0.00%
24h Volume
$1.9M
Supplies
699.0M / ∞
Current Price
$1.689
Market Cap
$674.5M -1.91%
24h Volume
$133.1M
Supplies
1.0B / 1.0B
Current Price
$52.122
Market Cap
$671.7M 0.25%
24h Volume
$50.1M
Supplies
12.9M / 18.9M
Current Price
$2.096
Market Cap
$665.7M 1.62%
24h Volume
$58.0M
Supplies
329.5M / 400.0M
Current Price
$0.6602
Market Cap
$663.4M -1.41%
24h Volume
$86.9M
Supplies
2.0B / ∞
Current Price
$0.03322
Market Cap
$662.6M 4.41%
24h Volume
$10.6M
Supplies
38.1B / ∞
Current Price
$1.189
Market Cap
$638.3M -0.06%
24h Volume
-
Supplies
537.2M / ∞
Current Price
$1.827
Market Cap
$635.8M 3.32%
24h Volume
$6.1M
Supplies
2.1B / 2.1B
Current Price
$0.03743
Market Cap
$625.2M 2.04%
24h Volume
$21.0M
Supplies
24.0B / 24.0B
Current Price
$0.6960
Market Cap
$615.1M 0.40%
24h Volume
$104.7M
Supplies
1.2B / 2.1B
Current Price
$0.6331
Market Cap
$612.0M 4.02%
24h Volume
$54.3M
Supplies
965.4M / 1.0B
Current Price
$0.07534
Market Cap
$594.0M 6.57%
24h Volume
$79.3M
Supplies
10.0B / 10.0B