Bitcoin trades below $80K as August payrolls rise by 162,000
Bitcoin fell below $80,000 on jobs-report day, but the available records do not establish a single cause.
Bitcoin traded below $80,000 on September 4, 2026, as investors digested a stronger US employment report. CoinMarketCap’s September 4 historical snapshot lists Bitcoin at $79,671.97, down 1.97% over 24 hours. The price move and jobs release occurred on the same day; that timing alone does not establish what caused the decline.
The Bureau of Labor Statistics reported 162,000 jobs added in August and an unemployment rate of 4.1%, unchanged from July. It revised the June and July payroll figures upward by a combined 55,000. Average hourly earnings rose 0.3% from July and 3.1% from a year earlier.
Traders priced a September rate hike
CME Group said its FedWatch measure put the probability of a quarter-point rate hike at the September meeting at about 58% after the labor report. That estimate reflects futures pricing, not a Federal Reserve decision. CME described broad equity trading on the day as relatively quiet, so the jobs data should not be read as proof of a market-wide selloff.
Upcoming inflation reports could change rate expectations before the September 16 meeting. Bitcoin’s daily price change is observable, but attributing it solely to the payroll release would go beyond the cited evidence.