Surprise nonfarm payrolls print sends Bitcoin back below 80K

The US economy added far more jobs than expected in August, pressuring Bitcoin lower as traders repriced the odds of a Federal Reserve rate cut this month.
Key Takeaways
- The US economy added far more jobs than expected in August, pressuring Bitcoin lower as traders repriced the odds of a Federal Reserve rate cut this month.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Polymarket Launches Crypto Perpetual Futures With Up to 20x Leverage
The prediction market platform's new Perps product scaled from 10 markets to 67 on its first day—though the 20x leverage ceiling only applies to some of them, and none of it reaches U.S. traders.
Mexican Billionaire Says Bitcoin Will Hit $1.86 Million. What’s His Logic?
Mexican billionaire Ricardo Salinas Pliego renewed his long-term Bitcoin thesis this week, pointing to gold’s total market value as the benchmark that could eventually send BTC toward $1.86 million per coin. In a post on X, the Grupo Salinas founder argued…

Privacy coin flaw risks endless token creation, leaving node operators with a deadline in hours to fix it
At block 1,371,000, v0.14.18.0 restores multi-input private spending and makes older software incompatible. The post Privacy coin flaw risks endless token creation, leaving node operators with a deadline in hours to fix it appeared first on CryptoSlate.