{
  "id": 5757685,
  "title": "Bitcoin falls below $80,000 as strong U.S. jobs data revives Fed rate hike fears",
  "url": "https://urgent.news/2026/09/05/bitcoin-falls-below-80-000-as-strong-u-s-jobs-data-revives-fed-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-05T09:24:34.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/cryptocurrency-news/bitcoin-falls-below-80000-as-strong-us-jobs-data-revives-fed-rate-hike-fears-4890184"
  },
  "original_language": "en",
  "account": "Bitcoin's value dipped below $80,000 following a surge past $82,000, as the U.S. released stronger-than-anticipated employment data, reigniting expectations for another Federal Reserve rate hike. The cryptocurrency traded down 1.67% to $79,701.0 by 05:30 ET on Saturday, after reaching around $82,300 earlier in the week. This drop followed a rebound that had restored Bitcoin to levels last observed in May. The sharp reversal occurred after the U.S. nonfarm payrolls rose by 162,000 in August, considerably exceeding the 56,000 increase forecasted by Reuters economists. The unemployment rate remained steady at 4.1%. This positive employment report bolstered the argument for tighter monetary policy, leading to a rise in market expectations for a quarter-point Fed rate hike this month to 59% from 52% before the data release. Treasury yields and the dollar also increased in line with this shift. Consequently, the jobs report redirected focus towards upcoming U.S. inflation data and the Fed's September 16 decision. Despite this, institutional demand has remained robust, with U.S. spot Bitcoin ETFs recording $730.8 million in net inflows on September 3, marking the largest daily inflow in the past eight to nine months and the third-largest of 2026. BlackRock's IBIT alone contributed about $454 million to this influx. Additionally, on-chain data revealed that recent Bitcoin buyers entered the latest rally from a stronger position than during the cryptocurrency's May advance, with the average cost basis for short-term holders falling to approximately $71,188 from around $78,713 in May, thereby offering these buyers a larger profit cushion. El Salvador's Bitcoin holdings also drew attention as the International Monetary Fund clarified that the additional coins were acquired through private donations rather than government spending. The country's public Bitcoin dashboard now displays over 7,764 BTC, and El Salvador has persistently promoted its strategy of adding one BTC daily. However, the International Monetary Fund's assessment of the initiative remains unchanged. For Bitcoin, near-term trends are expected to be heavily influenced by expectations surrounding U.S. interest rates, with strong ETF demand colliding with the possibility of tighter Fed policy. Other major cryptocurrencies also experienced losses on Saturday, including Ether, which fell 2.52% to $2,457.87, XRP, down 3.07% to $1.4077, Solana, dropping 1.38%, BNB up 4.48% to $750.97, and Cardano, declining 3.39% to $0.2136. Among meme tokens, Dogecoin saw a 1.94% decrease, while TRUMP remained flat.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}