#USAugustNonfarmPayrollsDueToday Trump pushed the Fed for lower rates right after the U.S. added 162,000 jobs in August. That print was far above the 56,000 economists expected, and it pulled Bitcoin back under $80,000 within minutes.The structure matters: a hotter labor market makes the Fed less likely to ease, which lifts policy-rate expectations and tightens financial conditions. Fed funds futures moved to a 61% chance of a September rate increase after the release, while the two-year Treasury yield rose to 4.38%.The payroll report also got revised up for June and July by a combined 55,000 jobs, so the underlying labor picture was firmer than the first read. For crypto, that means the macro trade is still dominated by rate path, not only spot demand.$BTC
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