Bitcoin dips below $80,000 as a hot August jobs report shifts Fed policy expectations

Bitcoin dropped below $80,000 after a stronger‑than‑expected August jobs report shifted market expectations toward a more hawkish Fed stance. The hotter labor data pushed up Treasury yields and the dollar, denting risk appetite and pressuring digital assets including Bitcoin. This repricing implies that a prospect of tighter, longer‑lasting monetary policy could cap Bitcoin’s near‑term upside and raise volatility as markets adjust to a less accommodative liquidity backdrop.