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A surprisingly strong US jobs report revealed 162,000 new positions, pushing bond yields and the dollar upward—and knocking Bitcoin below $80,000.
With the labor market showing resilience, hopes for near-term Fed rate cuts are fading, weighing heavily on risk assets.
While the initial crypto sell-off was uneven, the broader macro pressure is undeniable.
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1September 4, 2026 2.4K 1