US employment data was stronger than expected, reigniting market bets on the Federal Reserve's interest rate hike in September. Bitcoin fell nearly 3%, and the latest round of gains that broke through $80,000 came to an abrupt end. The number of non-farm payrolls increased by 162,000 in August, higher than all economists' expectations in the Bloomberg survey, while the unemployment rate remained at 4.1%. After the data was released, Bitcoin fell along with the stock market and bond market. At one point, it fell 2.8% to $79,197. Two-year US Treasury yields climbed and the dollar strengthened. This reversal has brought a new round of macro tests to the situation where Bitcoin has been repeatedly blocked at the $80,000 mark. On Thursday, Bitcoin regained its position at $80,000. At that time, US bond yields declined and the dollar weakened to boost risky assets. Earlier, Federal Reserve Governor Waller said that if inflation continues to ease, he supports keeping interest rates unchanged.

US employment data was stronger than expected, reigniting market bets on the Federal Reserve's interest rate hike in September. Bitcoin fell nearly 3%, and the latest round of gains that broke through $80,000 came to an abrupt end. The number of non-farm payrolls increased by 162,000 in August, higher than all economists' expectations in the Bloomberg survey, while the unemployment rate remained at 4.1%. After the data was released, Bitcoin fell along with the stock market and bond market. At one point, it fell 2.8% to $79,197. Two-year US Treasury yields climbed and the dollar strengthened. This reversal has brought a new round of macro tests to the situation where Bitcoin has been repeatedly blocked at the $80,000 mark. On Thursday, Bitcoin regained its position at $80,000. At that time, US bond yields declined and the dollar weakened to boost risky assets. Earlier, Federal Reserve Governor Waller said that if inflation continues to ease, he supports keeping interest rates unchanged.