Surprise nonfarm payrolls print sends Bitcoin back below 80K

JUST IN: $BTC drops back below $80,000 after a surprise US jobs beat, with August payrolls at 162K far exceeding the ~56K forecast and cutting the odds of a Fed rate cut this month.

Bitcoin's back under eighty thousand, and you can thank the American jobs machine.

August payrolls came in at 162,000, nearly triple the 56,000 economists expected. Traders heard that and immediately repriced the Fed, because a hot labour market means less reason to cut rates on September 16. Bitcoin sold off from 81,300 down to 78,600, and it's sitting around 79,500 now.

The backdrop makes it messier. New Fed Chair Kevin Warsh isn't giving forward guidance, Governor Waller floated a pause on Thursday, and the crowd's now split down the middle on what happens at the meeting. Fifty fifty, a genuine coin flip.

And President Trump jumped in within hours, telling the Fed board on Truth Social to, quote, be patriots for a change. That's his first shot at Warsh, a chair he handpicked. So the real story isn't one jobs print. It's a Fed with no anchor, a president applying pressure, and a market trading every headline like it's the decision itself.

This is Sara White, reporting for HIT.