Bitcoin falls more than 2% after U.S. jobs data

  • Bitcoin fell more than 2% on Friday after U.S. jobs data.
  • 162,000 payrolls were added in August, exceeding expectations.
  • U.S. jobs data increased expectations for a Federal Reserve rate hike.

Bitcoin fell more than 2% on Friday, sliding from $81,300 to a low of $78,600 after U.S. August jobs data showed payrolls increased by 162,000. The stronger-than-expected labor-market gain raised expectations for a Federal Reserve rate hike, contributing to the cryptocurrency’s pullback.

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