Bitcoin Price Plunges After Blowout US Jobs Report: Here’s Why

A stronger-than-expected US jobs report triggered a sharp drop in Bitcoin as markets re-priced rate-hike odds. The blowout payrolls print pushed Treasury yields higher and the dollar stronger, prompting a risk-off move and forced liquidations in crypto and equity markets. Bitcoin’s decline tracked equity weakness and breached near-term technical support as leveraged positions unwound. The implication is elevated near-term downside risk and volatility for Bitcoin if labor-market strength sustains and monetary policy stays hawkish.