Bitcoin Tumbles Below $80K Amid Jobs Report Surprise
Bitcoin's price plummeted below $80,000 after a surprisingly strong U.S. jobs report was released, surpassing forecasts of 162,000 new jobs in August.
The unexpected data shifted the odds of Federal Reserve rate hikes to an even 50/50, creating market uncertainty ahead of the September 15-16 FOMC meeting.
Meanwhile, Bitcoin's network faced turbulence with a failed BIP-110 soft fork and a new Blake2b hard fork aiming to decentralize mining, though adoption remains minimal.