Bitcoin Falls 3% After Jobs Report Beats Estimates: What's Going On?
Bitcoin falls below $80,000 after a strong August jobs report revives September rate hike fears and sends Treasury yields higher.
Bitcoin dropped in price when good jobs news came out, because people thought it might mean higher interest rates—which can make other investments more attractive. When lots of people worry about what's coming next, prices can bounce around, so watch how Bitcoin moves when big economic news hits.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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