Bitcoin fell about 1.7% and lost the $80,000 level after U.S. August nonfarm payrolls far exceeded expectations. Payrolls increased by 162,000, compared with a market forecast of 55,000. The stronger data heightened concern that the Federal Reserve (U.S. central bank) could raise interest rates in September, weighing on risk assets. Cointelegraph reported on X, formerly Twitter, on September 4 that about $200 million in crypto long positions (bets on rising prices) had been liquidated in the previous hour as the decline triggered a chain reaction.