Bitcoin drops as August jobs report beats expectations
August jobs report showed hiring of 162,000 and unemployment rate steady at 4.1%, lifting long- and short-term rates and the U.S. dollar index. Riskier assets including bitcoin are taking a hit.
0929 ET - The August jobs report showed much stronger hiring than expected, at 162,000 with the unemployment rate steady at 4.1%.
The data lifted long and short term rates and the U.S. dollar index.
Meanwhile, riskier assets like bitcoin, which had a positive week up until now, are taking a hit.
Bi…