Bitcoin stays below $80,000 after strong U.S. payrolls revive rate-hike concerns

  • Stronger U.S. payrolls pushed Bitcoin below $80,000 and triggered liquidations.
  • Markets assign about 60% probability to a 25-basis-point September 16 rate increase.
  • Bitcoin has traded between roughly $77,200 and $82,100, with resistance near $82,000.

Bitcoin remains below $80,000 after stronger-than-expected U.S. payroll data revived concerns that the Federal Reserve could raise interest rates. The move triggered a sharp decline and liquidations, although expectations for a rate increase have remained broadly steady. Markets are assigning about a 60% probability to a 25-basis-point increase on September 16, while traders await the upcoming CPI report. Bitcoin recently faced resistance near $82,000 and has traded in a range of approximately $77,200 to $82,100. U.S. Treasury yields remain a pressure point for risk assets, with the two-year yield at 4.37% and the 30-year yield at 5.24%. Bitfinex Alpha said continued ETF inflows and expanding stablecoin supply could support Bitcoin, but Federal Reserve policy expectations, elevated yields and persistent inflation pressures are limiting its upside.

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Bitcoin stays below $80,000 after strong U.S. payrolls revive rate-hike concerns - CoinPost Terminal