BTC
Bitcoin (BTC)
78,375.19
-0.84% (-664.82)
Market read
Signal: hotter labor data pushed traders toward pricing a Fed rate hike, and Bitcoin dropped in response. So what: a more hawkish Fed outlook tends to pressure risk assets like Bitcoin as tighter policy expectations reduce appetite for non-yielding assets.
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Bitcoin fell after stronger-than-expected US jobs data boosted bets on a September Fed rate hike.
Signal: hotter labor data pushed traders toward pricing a Fed rate hike, and Bitcoin dropped in response. So what: a more hawkish Fed outlook tends to pressure risk assets like Bitcoin as tighter policy expectations reduce appetite for non-yielding assets.
Finnhub·09/07, 10:29 AM
Bitcoin fell as much as 3.5% below $80,000 after stronger-than-expected US jobs data boosted bets on a September Fed rate hike.
FirstSquawk·09/04, 03:16 AM
High impactUS stocks rallied, the S&P 500 gaining 1.1%, after Fed Governor Christopher Waller said he could support holding rates steady if inflation continues easing, while the dollar hit its lowest since May, bitcoin topped $80,000, and the yen rose on increased bets for Bank of Japan rate hikes.
InvestingLive·09/03, 07:11 PM
USD/JPY fell nearly 300 pips to around 156.10 amid yen intervention concerns, while WTI crude rose over 2% to $93.02, gold rose 1.3% to $4,443, and US 10-year yields fell 2bps to 4.774% ahead of Friday's US jobs report.
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