{
  "id": 5583162,
  "title": "Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds",
  "url": "https://urgent.news/2026/09/04/bitcoin-slides-as-blowout-jobs-report-revives-fed-hike-odds-5583162",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T15:13:28.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/bitcoin-slides-blowout-jobs-report-151328014.html"
  },
  "original_language": "en",
  "account": "The U.S. economy added 162,000 jobs in August, surpassing economists' expectations by nearly triple. The unemployment rate remained steady at 4.1%, and both June and July payrolls were revised upward. The surge in jobs data fueled speculation of a Federal Reserve interest rate hike at the central bank's upcoming September meeting. Dow Jones Industrial Average slipped by 0.4%, while the S&P 500 and Nasdaq Composite experienced minor declines. Fed funds futures traders now estimate a 58% probability of a rate hike during the Sept. 15-16 meeting, up from 49.4%. The stronger jobs number raised Treasury yields and pressured Bitcoin, which fell over 2% to around $79,300. This price drop followed a brief surge to a four-month high of $82,240 earlier in the day. Higher interest rates make risk-free assets more appealing, pushing investors toward U.S. treasuries and away from riskier assets like stocks and crypto. The relatively strong jobs report also strengthened the dollar, negatively impacting dollar-priced assets. Despite a recent short squeeze that wiped out over $415 million in bearish bets, Bitcoin opened September near $77,500, continuing a trend of losses in September for the cryptocurrency.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Decrypt",
        "title": "Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds",
        "url": "https://urgent.news/2026/09/04/bitcoin-slides-as-blowout-jobs-report-revives-fed-hike-odds",
        "published": "2026-09-04T15:13:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}