Bitcoin
Why Bitcoin is down 1.8% today
Analysis
Bitcoin fell about 1.8% over the past 24 hours as a stronger-than-expected U.S. jobs report pushed Treasury yields and revived expectations that the Fed could keep policy tighter for longer, weighing on risk assets like BTC.
Contributing Factors (3)
Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds
The Dow dropped 226 points and Bitcoin erased some of its gains after August payrolls tripled estimates, pushing September rate-hike odds to 58%.
Bitcoin Hits $82,000 and Fidelity Says It's Unsure If the Bear Market Is Over
Bitcoin touched $82,000 as Fidelity Digital Assets says the rally doesn't confirm the crypto bear market has ended. The post Bitcoin Hits $82,000 and Fidelity Says It's Unsure If the Bear Market Is Ov...
Bitcoin and Gold Crash As US Payrolls Crush Forecasts
Bitcoin and gold both fell within minutes of the US jobs report after August payrolls tripled forecasts at 162,000. The post Bitcoin and Gold Crash As US Payrolls Crush Forecasts appeared first on BeI...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.