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Surprise nonfarm payrolls print sends Bitcoin back below 80K

Strong August employment data showing 162,000 new jobs—nearly three times analyst forecasts—triggered a Bitcoin pullback from $81,300 to below $80,000 as traders reassessed the likelihood of a Federal Reserve rate cut at its mid-September meeting. The robust labor report shifted market expectations back to an even split between a rate pause and a 0.25% increase, reversing prior bets favoring a cut.

about 20 hours ago

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