Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds

A stronger-than-expected U.S. jobs report heightened odds of Fed rate hikes, prompting a reprice of monetary policy expectations. The reaction lifted the dollar and Treasury yields, triggering a broad risk-off move that sent Bitcoin lower. Markets are now treating Bitcoin as vulnerable to tighter policy and the higher opportunity cost of holding a non-yielding asset, reducing near-term demand. Continued labor-market strength or further hawkish signals from the Fed would likely maintain downside pressure and elevated volatility for BTC.