Bitcoin falls below $54K as U.S. jobs data disappoints
Share link:In this post: Bitcoin fell below $54,000, reaching a new one-month low of $53,806. The decline followed weaker-than-expected August nonfarm payrolls data. The U.S. dollar strengthened by 0.3%, affecting Bitcoin’s initial reaction to the data.
Bitcoin (BTC) briefly surged above $55,000 before the U.S. trading session on September 6, driven by weaker-than-expected employment data. However, the price soon reversed, dipping below $54,000 and hitting a new one-month low of $ 53,806 .
BTC was initially targeting $57,000 but retraced after the disappointing August Nonfarm payrolls figures raised concerns about the labor market’s strength.
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