The US added 162,000 jobs in August — nearly triple the 53,000 consensus — while July was revised from -23,000 to +23,000, erasing the two-consecutive-negative-readings precedent that was Bitcoin's last defense against a September hike. Wall Street closed lower: S&P 500 -0.38%, Dow -0.51%, with Apple -2.51% and Tesla -5.92% leading declines. September hike odds jumped from 49% to 58%. The 2-year Treasury yield hit its highest since January 2025. Semiconductors rallied — Philadelphia Semi Index +3%, SanDisk +11%, SK Hynix +8%. Trump called for rate cuts anyway. CPI on September 11 and the FOMC on September 16 are the only remaining variables.
Bitcoin OG Holders Increase Activity as 90-Day Spent UTXO Average Reaches 1,500 $BTC