US Labor Market Surges, Boosting Rate Hike Odds as BTC Slips Below $80,000

The US labor market staged a notable recovery in August, adding 162,000 jobs - far exceeding expectations. This strong employment data reinforces the Federal Reserve's hawkish stance, increasing the likelihood of a rate hike in September.

BTC fell below $80,000 after the release, while the yield on the 10-year U.S. Treasury note rose to 4.80%. Market attention has shifted to next Friday's CPI data, which will ultimately shape inflation expectations and the path of interest rates.

Fed officials are still uncertain about a September rate hike, despite strong employment data. According to Woofun AI, this macroeconomic volatility has directly triggered an immediate revaluation of risk assets.