Every story we've covered involving crypto-trading.
Bitcoin dropped nearly $1,430 within five minutes of the August jobs report showing 162,000 nonfarm payrolls—significantly above historical trends—sending the cryptocurrency down to $79,810 as markets repriced expectations for a potential Federal Reserve rate increase in September. The stronger-than-expected employment data shifted prediction market odds on a quarter-point rate hike from 39.5% to over 50% in just 15 minutes, undermining Fed Governor Christopher Waller's recent signals favoring a pause.
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