US employers added 162,000 jobs in August, far above the roughly 65,000 economists had expected, while the unemployment rate held steady at 4.1%. Bitcoin immediately retreated from above $81,000 into a range spanning $78,000s to $80,000s as traders repriced expectations for near-term Federal Reserve policy. Donald Trump called on the Fed to lower rates via Truth Social, but the market moved in the opposite direction given the labor market’s strength. Bitcoin remains exposed to a restrictive environment if rate-hike expectations stay elevated ahead of the September 15-16 meeting, with institutional flows into Bitcoin ETFs reaching $730.8 million on September 3.
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