Bitcoin falls below $80,000 as strong U.S. jobs data revives Fed rate hike fears

Bitcoin fell below $80,000 after stronger-than-expected U.S. jobs data revived concerns that the Federal Reserve may raise rates further, triggering a sell-off in risk assets. Markets priced in higher odds of additional tightening, lifting the dollar and bond yields and putting downward pressure on crypto. The consensus implication is that Bitcoin remains highly sensitive to rate expectations—higher rates raise the opportunity cost of holding non-yielding assets, increasing near-term downside risk and volatility until the Fed’s path is clearer.