Bitcoin consolidates near $79,934.60 as Fed hike expectations rise
Bitcoin consolidated in Asia and was last at $79,934.60. U.S. payrolls increased well above expectations in August, raising expectations of a Fed rate hike later this month, which can weigh on risk appetite.
60. S. payrolls increased well above expectations in August, lifting expectations of a Fed rate hike later this month. Higher borrowing costs typically weigh on risk appetite and can pressure cryptocurrencies.
The market continues to face risks including…