Hot US payrolls data lifted yields and the dollar, pressuring the cryptocurrency.
CryptoSlate posted that Bitcoin fell below $80,000 after US payrolls showed a 162,000 jobs gain. The report states this lifted yields and the dollar while reviving Federal Reserve hike risks. It adds that the first selloff did not hold uniformly. The same post flags a separate BIS analysis claiming real institutional adoption on the XRP Ledger would not create the supply squeeze some holders expect. The linked substack carries the Bitcoin headline and payroll detail.
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Hot US payrolls data lifted yields and the dollar, pressuring the cryptocurrency.
CryptoSlate posted that Bitcoin fell below $80,000 after US payrolls showed a 162,000 jobs gain. The report states this lifted yields and the dollar while reviving Federal Reserve hike risks. It adds that the first selloff did not hold uniformly. The same post flags a separate BIS analysis claiming real institutional adoption on the XRP Ledger would not create the supply squeeze some holders expect. The linked substack carries the Bitcoin headline and payroll detail.
CryptoSlate@CryptoSlate🗞 Top #CryptoNews: Fri, Sep 4 (24H) 1️⃣ #Bitcoin falls below $80,000 as hot US payrolls revive Fed hike risk 2️⃣ BIS shows why real institutional adoption on XRP Ledger won’t trigger the XRP supply squeeze holders expect
CryptoSlate@CryptoSlate🗞 Top #CryptoNews: Fri, Sep 4 (24H) 1️⃣ #Bitcoin falls below $80,000 as hot US payrolls revive Fed hike risk 2️⃣ BIS shows why real institutional adoption on XRP Ledger won’t trigger the XRP supply squeeze holders expect
