Bitcoin fell below the $80,000 threshold, posting an intraday low of $78,660 after a stronger-than-expected August U.S. jobs report. Payrolls rose by 162,000 in August, compared with an average monthly gain of 31,000 over the prior 12 months, weakening the labor-market argument for a Fed pause. Treasury yields and the dollar strengthened, creating a tighter financial backdrop for bitcoin. The Fed now awaits confirmation on the inflation trajectory through the August CPI on September 11 before its September 15-16 meeting.
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