Bitcoin tumbles as US payrolls rebound sharply to 162,000 in August

Bitcoin dropped below $80,000 after US nonfarm payrolls rose by 162,000 in August, beating expectations for a 56,000 increase.

The August figure was also higher than TD Securities’ forecast of 95,000 jobs.

The report comes ahead of the Federal Reserve’s September meeting, with investors watching employment data as they assess the central bank’s interest-rate outlook.

This is a developing story.

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