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Bitcoin, Ethereum, XRP, Dogecoin Plunge 2% as Jobs Report Spurs Rate Hike Bets

Bitcoin is back below $80,000 after a surprisingly strong jobs report reignited the prospects of the Federal Reserve raising rates at its upcoming meeting.

Benzinga

Publisher

Sep 4, 2026 at 6:06 PM UTC · Updated vor 13 Stunden · 1 Min. Lesezeit

Bitcoin, Ethereum, XRP, Dogecoin Plunge 2% as Jobs Report Spurs Rate Hike Bets
Image via Benzinga

Key Signal

101,330 Traders liquidated

Entities

bitcoin, ethereum, xrp, dogecoin

Market Impact

Total MCap-1.15%

Last Updated

vor 13 Stunden

Bitcoin is back below $80,000 after a surprisingly strong jobs report reignited the prospects of the Federal Reserve raising rates at its upcoming meeting.

Notable Statistics:

  • Coinglass data shows 101,330 traders were liquidated in the past 24 hours for $523.10 million.       
  • SoSoValue data shows net inflows of $730.87 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $141.4 million.
  • In the past 24 hours, top gainers include Lighter, Dash and Zcash.
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Notable Developments:

Trader Notes:

Trader Jelle said Bitcoin is nearing a key market structure break. Clearing previous highs would flip the higher time frame structure bullish, with the weekly close crucial for confirmation.

Crypto chart analyst Ali Martinez highlighted Bitcoin is retesting the $80,600 breakout level after reaching $82,280. Holding that support could open the door to $85,000.

Bitcoin · 30-day price▲ 22.6%
$81,276$72,048$62,819
Aug 7Aug 16Aug 26Sep 5

Bitcoin moved from $64,886.1 to $79,572.8 over the last 30-day period, a gain of 22.6 percent.

Source: Kraken · NewsLayer Markets · Updated vor ein paar Sekunden

Why this matters

The $523.10 million liquidation wave signals that leverage remains vulnerable to shifts in U.S. rate expectations, which could amplify volatility across major crypto assets. At the same time, sizable spot Bitcoin and Ethereum ETF inflows suggest institutional demand is continuing even as macroeconomic conditions pressure prices.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Follow the Story

  1. Sep 4Bitcoin, Ethereum, XRP, Dogecoin Plunge 2% as Jobs Report Spurs Rate Hike Bets
  2. Sep 5Bitcoin Price Prediction 2026: $100K Hopes and Apeing Next Crypto to Explode
  3. Sep 5Bitcoin ETF inflows hit $3.8B in strongest three-week stretch of 2026
  4. Sep 5New Bitcoin (BTC) contract scheme: BTC holders can easily earn $8,400 daily
  1. Sep 4Bitcoin, Ethereum, XRP, Dogecoin Plunge 2% as Jobs Report Spurs Rate Hike Bets
  2. Sep 5Bitcoin Price Prediction 2026: $100K Hopes and Apeing Next Crypto to Explode
  3. Sep 5Bitcoin ETF inflows hit $3.8B in strongest three-week stretch of 2026
  4. Sep 5New Bitcoin (BTC) contract scheme: BTC holders can easily earn $8,400 daily
#bitcoin#ethereum#xrp#dogecoin#crypto#markets

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Originally reported by Benzinga

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$79,605

-1.88% (24H)

$81,220$80,058$78,896
9 AM4 PM12 AM8 AM

Market Cap

$1.60T

24H Volume

$26.5B

24H High

$81,400

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoinethereumxrpdogecoin

Topics

cryptomarkets

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