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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Last updated Sep 05, 2026
US spot Bitcoin ETFs drew nearly $1 billion in the latest week as Friday inflows stayed positive despite Bitcoin briefly falling below $79,000.
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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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The privacy coin's squeeze rode a Fed-driven crypto rally that reversed hours later, when a stronger-than-expected jobs report sent Bitcoin back under $80,000.
The Dow dropped 226 points and Bitcoin erased some of its gains after August payrolls tripled estimates, pushing September rate-hike odds to 58%.
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