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Crypto

Bitcoin gives back $80,000 in a day on surprise strength in U.S. August jobs data

Bitcoin fell back below $80,000 a day after reclaiming the level, with broader crypto prices also lower. The move followed U.S. August jobs data released on Sept. 4 local time showing nonfarm payrolls rose 162,000, well above a Reuters consensus of 56,000, while unemployment held at 4.1 percent. Rate-hike odds for the Sept. 15-16 FOMC meeting rose and the dollar strengthened as yields climbed.

Crypto

Bitcoin jumps 5 percent, reclaims $81,000, breaks September correction view

Bitcoin rebounded strongly, retaking the $80,000 level after three days. It rose 5.53 percent to $81,437, while Ethereum gained 5.27 percent and XRP jumped 9.19 percent. Solana climbed back above $100 and Dogecoin and Zcash surged. The move was linked to easing expectations of a September rate hike and a stronger-than-expected ISM services PMI. Markets are watching key resistance levels and upcoming U.S. policy events for volatility.

Crypto

Bitcoin retreats to $77,000s after hawkish Jackson Hole remarks

Bitcoin slipped from the $80,000 level after hawkish remarks from Federal Reserve Chair Kevin Warsh at Jackson Hole. At 7 a.m. on Aug. 29, Bitcoin was down 3.43 percent on the day at $77,364, Coin360 data showed. Ether fell 3.08 percent to $2,425 and XRP dropped 5.28 percent to $1.372, while Solana fell 4.7 percent. Bitcoin dominance held at 59.15 percent.