Bitcoin falls below $80,000 as hot US payrolls revive Fed hike risk
Bitcoin falls below $80,000 as hot US payrolls revive Fed hike riskThe 162,000 jobs gain lifted yields and the dollar, but the first selloff did not hold uniformly.
A fresh Friday market snapshot is ready.Institutional participation is reshaping crypto’s mechanics, but not always in the way token holders expect. XRP Ledger research suggests large-scale data authentication may barely affect XRP’s supply, while Bitcoin’s growing institutional ownership could weaken the familiar four-year cycle framework. That distinction matters as Bitcoin falls below $80,000 after hot US payrolls revive Fed hike risk, with August nonfarm payrolls surging to 162,000 versus 56,000 expected. A Japanese company retains Bitcoin after realizing gains on ETH, SOL and XRP, and a Hyperliquid-focused treasury vehicle expands its planned token purchases to $2.5 billion. Bitcoin’s move above its 50-week average remains incomplete without a confirming weekly close, preserving a key downside risk. The global crypto market cap is $2.68 trillion, with a 24-hour volume of $113.39 billion. The price of Bitcoin is $79,494.22, and BTC market dominance is 59.7%. The price of Ethereum is $2,451.55, and ETH market dominance is 11.2%. The best-performing sector is Crowdfunding, which gained 32%. The Crypto Fear & Greed Index is currently Greed (74). Ad: WINNLY Makes Mobile Gaming Rewarding — Play, Compete, EarnWINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more. π° Top NewsBitcoin falls below $80,000 as hot US payrolls revive Fed hike riskThe 162,000 jobs gain lifted yields and the dollar, but the first selloff did not hold uniformly. BIS shows why real institutional adoption on XRP Ledger won’t trigger the XRP supply squeeze holders expectOne transaction can authenticate thousands of datasets, leaving fee burn tiny even as institutional-style usage scales. Bitcoin may be leaving its 4-year cycle behind for a 6-to-8-year Wall Street rhythmWilly Woo says BTC could be shifting toward a 6-to-8-year rhythm as institutional holdings dwarf annual miner issuance. Ad: Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic EraB.AI said its free model-access campaign drove 1.33 trillion daily tokens while it builds routing, payment, and agent collaboration tools. π️ More News
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