Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds

Bitcoin fell below $80K and the Dow dropped 226 points after August payrolls tripled estimates, raising September rate-hike odds to 58%. While Micron and SanDisk shares rose 4%, the blockbuster jobs report revived expectations of Federal Reserve hikes. Such shifts could tighten financial conditions, potentially impacting investment strategies and slowing economic growth momentum. The market reacted sharply as the probability of a rate increase briefly flipped above 50%, erasing previous gains for several major assets.