US Labor Data Beat Sends Bitcoin Lower Amid Fed Rate Uncertainty
Key points: The US economy added 162,000 nonfarm payroll jobs in August, nearly triple economists’ consensus estimate of 56,000. Bitcoin sold off from $81,300 to local lows of $78,600 following the data, before recovering to $79,500. A rival Bitcoin fork using the Blake2b algorithm saw its first trading activity, with coins changing hands at $350 … Read more