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US August Payrolls Hit 162,000, Sending Bitcoin (BTC) Below $80,000

COINOTAG·September 4, 2026·1 min read
US August Payrolls Hit 162,000, Sending Bitcoin (BTC) Below $80,000

Bitcoin dropped below $80,000 within minutes of Friday's US employment report after August nonfarm payrolls hit 162,000, nearly three times the consensus estimate of 56,000. The stronger-than-expected jobs data pressured BTC, which fell sharply as markets adjusted to the economic outlook.

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