Bitcoin's Breakout Blunder: What the Jobs Report Means for Markets The recent jobs report stunned investors and dashed the fleeting promise of a bitcoin breakout.
The cryptocurrency surged to within $1,000 of its long held resistance level but reversed course and plummeted below $80,000. The August jobs report was a resounding success story for the US economy.
Employers added 162,000 jobs, exceeding expectations, while June and July payrolls were revised higher by a combined 55,000.