Bitcoin Falls Below $80,000 as U.S. Payrolls Rise by 162,000 in August
Key Facts
Bitcoin fell below $80,000 after the September 4 U.S. employment report. EL7 data showed BTCUSD closing at $79,649.50 in the 00:00 UTC September 5 snapshot, within a $79,442–$79,763.41 range.
U.S. nonfarm payrolls rose by 162,000 in August, while the unemployment rate remained at 4.1%, according to the Bureau of Labor Statistics. That confirms employment continued to expand ahead of the Federal Reserve's September meeting.
Kevin Warsh has chaired the Federal Reserve Board and the Federal Open Market Committee since May 22, 2026. The committee's next meeting is scheduled for September 15–16.
In the bond market, the 2-year Treasury yield rose to 4.37% from 4.34%, and the 10-year yield rose to 4.78% from 4.77%, according to U.S. Treasury data.
Higher yields increase the returns available on bonds and cash instruments, potentially reducing the appeal of a non-yielding asset such as Bitcoin. Still, the simultaneous rise in yields and decline in the cryptocurrency does not establish the jobs report as the sole cause of the move.
Attention now turns to the August CPI report due September 11, before the September 15–16 FOMC meeting. The inflation data will provide the next test of policymakers' room to act without guaranteeing a particular interest-rate decision.
Latest Updates · 9
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Update: Bitcoin extended its decline to $78,400 following remarks from Fed Chair Kevin Warsh, who downplayed recent soft inflation data. Warsh signaled that interest rate cuts are not imminent, intensifying selling pressure on digital assets as investors re-evaluate the liquidity outlook.
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Update: Bitcoin faces a dual market test over the next two weeks, as Fed policymakers are expected to rely on CPI data for their upcoming decisions due to the absence of official August PCE figures. Investors are specifically eyeing September 30 as a critical juncture for market sentiment following the release of initial inflation data, which could define the cryptocurrency's trajectory through the end of the month.
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Update: Technical data indicates that the retreat began after Bitcoin failed to sustain an early peak above $82,000, strengthening the current bearish momentum. According to reports, technical warnings have emerged suggesting that continued selling pressure could drive prices to test lower support levels near $76,000 if the negative trend persists.
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Update: Trading saw sharp volatility as Bitcoin hit an intraday peak of $82,281 on September 4 before reversing course and dropping nearly 4% within a few hours. According to reports, this rapid decline led to a test of critical technical support levels near $78,000, reflecting the scale of selling pressure following the employment data release.
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Update: The blockbuster jobs report has triggered a fundamental shift in market sentiment, with traders now pricing in the possibility of a Federal Reserve rate hike. This development intensifies downward pressure on Bitcoin, as investors fear that any further increase in borrowing costs will further drain liquidity from the digital asset market.
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Update: The blowout jobs report triggered a sharp shift in market expectations, with the probability of a Fed rate hike in September surging to 58%. The impact extended beyond the crypto market to US equities, where the Dow Jones Industrial Average dropped 226 points in tandem with Bitcoin's decline.
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Update: Technical data shows Bitcoin reached a price peak of $82,281 before its recent retreat into the $79,000 range. As selling pressure persists, traders are now identifying $78,000 as a critical technical support level to watch for short-term price stability.
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Update: Technical analysis shows Bitcoin reached a price peak of $82,280 before retreating to test the $80,600 level, which has flipped from former resistance to current support. According to analyst Ali Charts, maintaining stability above this threshold could pave the way for a potential move toward the $85,000 target.
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Update: Bitcoin's rally encountered resistance at the $82,000 mark, with prices pulling back as traders engaged in profit-taking. According to reports, the recent upward pressure was fueled by a short squeeze alongside growing expectations for a more dovish policy stance from the Federal Reserve.