- U.S. August employment data beat forecasts, sending Bitcoin back below $80,000 and down to as low as $79,197.
- Stronger employment data revived the possibility of a September FOMC rate hike, increasing selling pressure across risk assets.
- Sygnum Bank's CIO added that a more hawkish backdrop, along with the Treasury's cash balance, private credit creation and stablecoin supply, are also key variables for the digital-asset market.
Bitcoin Slips Back Below $80,000 as Strong US Jobs Data Fuels September Fed Rate-Hike Bets
Bitcoin fell back below $80,000 after U.S. employment data for August came in well above market expectations. The stronger-than-expected report renewed expectations of a Federal Reserve rate increase in September, adding selling…
bloomingbit
Publisher
Sep 4, 2026 at 2:34 PM UTC · 1 min de lectura
Key Signal
$79,197 Bitcoin intraday low
Entities
bitcoin
Market Impact
BTC-0.47%$79,666
Last Updated
hace 2 días
Traduciendo…
Forecast Trend Report by Period
Bitcoin fell back below $80,000 after U.S. employment data for August came in well above market expectations. The stronger-than-expected report renewed expectations of a Federal Reserve rate increase in September, adding selling pressure across risk assets.
According to Bloomberg on September 4, Bitcoin dropped as much as 2.8% to $79,197 after the U.S. jobs report was released. U.S. stocks and bond prices also fell, while the two-year Treasury yield rose and the dollar strengthened.
U.S. nonfarm payrolls increased by 162,000 in August, topping all estimates compiled by Bloomberg. The unemployment rate held at 4.1%, unchanged from the previous month. With labor-market strength exceeding expectations, markets are again pricing in a higher probability of a rate increase at the Federal Open Market Committee's September 16 meeting.
Market Context
Bitcoin
BTC
$79,666
-0.47% (24H)
Market Cap
$1.60T
24H Volume
$16.9B
24H High
$80,207
Article Intelligence
Key Entities
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