Bitcoin dropped as much as 3.5% after stronger-than-expected US jobs data revived bets on a September Federal Reserve rate hike, abruptly reversing the cryptocurrency’s latest push above $80,000.

This morning's report will be key as the Fed considers whether to raise interest rates at its September policy meeting.

The US added 162,000 jobs in August 2026, crushing the 53,000 forecast. Unemployment held at 4.1% as wages rose 3.1% year-over-year.