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Bitcoin slides below $80K after blockbuster jobs report lifts rate-hike odds

Bitcoin fell below $80K after the US added 162,000 jobs in August versus Wall Street expectations of 53,000–56,000, marking the strongest monthly gain since March.

BTC

The US economy added 162,000 jobs in August, roughly triple what economists had penciled in.

Wall Street expected something in the range of 53,000 to 56,000.

What it got instead was the strongest monthly gain since March, and a clear signal that the labor market isn't slowing down the way the Feder…