$BTC got whiplash from one jobs report yesterday.
Bitcoin fell below $80K after the U.S. added 162K jobs in August, nearly 3x the 56K expected. Later, BTC was back above $81K as traders backed away from September rate-hike bets again.
Nothing inside Bitcoin changed between those two moves. Traders just changed their view of the Fed. That’s enough to move BTC fast right now.
Bitcoin fell below $80K after the U.S. added 162K jobs in August, nearly 3x the 56K expected. Later, BTC was back above $81K as traders backed away from September rate-hike bets again.
Nothing inside Bitcoin changed between those two moves. Traders just changed their view of the Fed. That’s enough to move BTC fast right now.