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Technology

Bitcoin Slips Below $80,000 as Strong US Jobs Data Revives Fed Rate Hike Bets

Gadgets360 (NDTV) ·
Bitcoin Slips Below $80,000 as Strong US Jobs Data Revives Fed Rate Hike Bets

Bitcoin has slipped below 75.5 lakh after stronger US jobs data lifted expectations of a September Fed rate hike.

Despite the pressure, ETF inflows and improving on-chain indicators continue to support the broader market.

Analysts expect upcoming US CPI data and the Fed meeting to provide important direction for Bitcoin.

Read the full article on Gadgets360 (NDTV) ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.gadgets360.com — the content belongs to Gadgets360 (NDTV).

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