Bitcoin Dips Below $80,000 on Strong US Jobs Report

Bitcoin Magazine Bitcoin Dips Below $80,000 on Strong US Jobs Report Bitcoin slid Friday after a better-than-expected labor report showed that the U.S. job market accelerated in August. The leading cryptocurrency was recently trading for close to $79,764 after dropping as low as $78,706 earlier in the morning in New York. It’s currently down over 1% over a 24-hour period. On Thursday, the coin soared above $82,000. The Federal Reserve is typically more likely to raise interest rates when the labor market is strong, because more people employed means more spending, and more spending can…

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Source: Bitcoin Magazine