Bitcoin dropped $1,600 in just three minutes on Friday, falling back below the $80,000 level. The sharp decline followed US jobs data showing 162,000 positions created in August, nearly triple the analyst consensus of 55,000. Markets now fear tighter monetary policy from the Federal Reserve, with higher rates increasing capital costs and diverting flows toward safer assets. Bitcoin trades around $79,526 with a market capitalization of $1.60 trillion. Despite this pullback, the leading cryptocurrency remains up nearly 27% over 30 days.
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