Bitcoin slides below $80K as blockbuster jobs report raises Fed rate-hike odds

A blockbuster U.S. jobs report surprised to the upside, pushing Treasury yields higher and boosting fed-funds futures that signaled increased odds of further Fed rate hikes. Markets reacted by selling risk assets, and Bitcoin tumbled below $80,000 as the dollar strengthened and investors re-priced macro-driven risk. The consensus is that tighter monetary policy and higher real yields raise Bitcoin's discount rate and amplify near-term downside risk and volatility. If rate-hike expectations remain elevated, further pressure on BTC is likely, even as longer-term structural demand drivers persist.