EconomyBitcoin hits a $77,000 wall as weak jobs data fails to derail Fed hike bets
Bitcoin fell below $77,000 as softer US labor data failed to overturn expectations of another Federal Reserve rate increase. With oil near $90, Treasury yields rising and September hike odds reaching 66%, the cryptocurrency faces mounting macro pressure. US spot Bitcoin ETFs also saw $236.46 million in net outflows on Sept. 1.
Bitcoin hits a $77,000 wall as weak jobs data fails to derail Fed hike bets
Economy