Bitcoin slides below $80,000 after U.S. adds 162,000 jobs in August

Bitcoin sold off sharply after a stronger-than-expected US jobs print (162,000 added in August) reinforced a "higher-for-longer" rates narrative. Improved labor-market momentum can push real yields up and reduce expectations for near-term Fed easing, tightening financial conditions. That typically pressures duration-sensitive and liquidity-driven assets, including crypto, triggering risk-off positioning and deleveraging in BTC-linked derivatives.