Bitcoin Plummets Below $80,000 After Stronger-Than-Expected Jobs Data

Bitcoin plummeted below $80,000 after stronger-than-expected August jobs data was released, causing it to drop by $1,600 in just three minutes.

The US economy added 162,000 jobs in August, nearly tripling the 55,000 expected, and unemployment held steady at 4.1%, in line with forecasts.

President Trump weighed in on the market's response, calling it 'crazy' and describing it as living in a 'false reality', while urging the Fed to cut interest rates regardless of the strong jobs data.

Zcash bucked the trend, rising by 13% to $1,034.80 as most other major tokens fell during the selloff.