Bitcoin falls below $79,000 as Fed rate hike probability reaches 60%

Bitcoin fell below $79,000 on September 8, 2026, after new U.S. jobs data surprised markets. American employers added 162,000 jobs in August, nearly three times what economists had predicted. The unemployment rate stayed at 4.1%.

The strong figures made investors think the Federal Reserve will raise interest rates at its September 16 meeting. The probability of a 0.25 percent rate rise reached about 60 percent. U.S. government bond yields also climbed to around 4.8 percent.

When interest rates are expected to rise, investors often move away from riskier assets like Bitcoin. The currency traded between $78,400 and $78,800, down about 1.6 percent in 24 hours. Bitcoin had briefly passed $82,000 the week before but has not held above $80,000 for two weeks.