162,000 September payrolls send Bitcoin below $80K as Fed rate odds split 50/50
AI Market Summary
A stronger-than-expected U.S. payrolls print (162k) tightens financial conditions expectations and sharply splits the market's view on the Fed's next move, with rate-cut vs. higher-for-longer odds near 50/50. The resulting repricing of front-end rates pressured risk assets broadly, with bitcoin reacting immediately and breaking below the $80k psychological level, reflecting reduced liquidity expectations and higher discount rates.
Impact level
● High
Affected assets
BTC/USDT+0.48%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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The U.S. Labor Department’s latest jobs report showed nonfarm payrolls rose by 162,000 in September, far above market expectations. The stronger labor data quickly jolted markets, sharply splitting expectations for the Federal Reserve’s next rate path into a 50/50 balance between rate cuts and keeping rates high. Risk assets broadly came under pressure, and bitcoin slid during the session below the key psychological level of $80,000.
