Bitcoin slid under $80,000 after August payrolls blew past forecasts and revived Fed hike bets. Will BTC close above $80,000 on Sept 9?
69% of users predicted NO — the community got this one right. 13 predictions cast.
Bitcoin failed to close above $80,000 on September 9, 2026, after a stronger-than-expected August jobs report revived expectations of a Federal Reserve rate hike. The Labor Department reported nonfarm payrolls grew by 162,000 in August, far exceeding the roughly 56,000 gain economists had forecast, prompting traders to price in as much as a 65% chance of a September hike before settling near 57-59%. Bitcoin dropped as much as 3.5% on the news, falling to about $78,649 after pulling back from a three-month high above $82,000 reached earlier in the week. Treasury yields and the dollar rose alongside the shifted rate expectations, pressuring bitcoin and other risk-sensitive assets that tend to underperform when borrowing costs are expected to climb. The pullback reversed bitcoin's recent push back above the $80,000 level and left the cryptocurrency trading in the high-$70,000s heading into the following week. Community bettors correctly anticipated this outcome, with just 31% predicting a close above $80,000, reflecting awareness that the upcoming labor-market data carried the potential to unsettle crypto markets sensitive to Fed policy expectations.