Bitcoin fell more than 1% over a 24-hour period on Friday, dropping below $80,000 after a better-than-expected U.S. jobs report for August. The cryptocurrency hit a low of $78,706 before trading around $79,764. This decline comes as traders see a 50 to 60% probability of a Federal Reserve rate hike at its September 15-16 meeting. However, President Donald Trump called on the Fed to cut interest rates, citing the strength of U.S. credit.
Source: Read the original article
