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Bitcoin Drops Below $80,000, Falling Nearly 3% to $79,197, as Strong US Jobs Data Revives Fed-Hike Bets
Bitcoin dropped nearly 3% to $79,197, abruptly reversing its latest push above $80,000, after stronger-than-expected US jobs data for August revived bets on a September Federal Reserve rate hike. Nonfarm payrolls increased 162,000, topping every estimate in a Bloomberg survey, while the unemployment rate held at 4.1%.
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24H Trending
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US spot Bitcoin ETFs see $527M net inflows on Oct 19, led by BlackRock's IBIT
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Fitch flags US sovereign rating downgrade risk as FY2026 deficit hits $1.99 trillion, net interest expense breaks record at $1.05 trillion.
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Wall Street giants collectively "extinguish the fire" for CoreWeave, with Barclays, Goldman Sachs, and JPMorgan Chase all believing that market concerns about the AI capital expenditure cycle are overblown.
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Nscale, backed by NVIDIA, is reportedly in talks with Anthropic for a $45 billion cloud computing deal.
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The Iran conflict has prompted global buyers to seek alternative oil supplies, driving a surge in investment and production among oil-producing nations in the Americas.
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Crypto PAC affiliate Fairshake pours $362K into California race despite incumbent Aisha Wahab having already won special election in August
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New Zealand Q3 inflation seen easing to 3.8%, but Q4 acceleration is forecast to drive more rate hikes
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XRP Ledger developers release second amendment to fix lending protocol before launch
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【Financial Times】Analysis: The UK government's days are numbered, and Labour's plans to expand the state's role are at odds with an unstable fiscal backdrop.
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Tech stocks rebound Monday, with investors eyeing key earnings this week
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