Crypto

US Jobs Report Sends Bitcoin Price Tumbling Below $79,300

Guavy AI Editorial Team Published September 5, 2026

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BTC

Bitcoin's price has dropped by about 2.7% to below $79,300 following a stronger-than-expected US jobs report.

The report showed that the US economy added 162,000 jobs in August, far exceeding forecasts, which strengthened the labor market outlook and pushed Treasury yields higher.

This shift reduced hopes for near-term Federal Reserve easing and created downward pressure on Bitcoin after it had reached a four-month high.

The Wire

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