Bitcoin News

Story: Jobs Surprise Sends Bitcoin Below $80K as Fed Rate Odds Split 50/50

By Steven Anderson

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Fed Rate Odds Flip to a Coin Toss. The FOMC meeting is set for September 15-16, and it's shaping up to be a messy one.

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Bitcoin Network Splits — Again. The macro chaos is only half the story. Bitcoin's own infrastructure has been in turmoil since…

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What Traders Are Watching Now. The combination of macro uncertainty and network instability is a rough environment for Bitcoin…

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Bitcoin cracked below $80,000 Friday. The trigger was a jobs report almost nobody saw coming.

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The U.S. economy added 162,000 jobs in August — nearly three times the 56,000 economists had penciled in. Markets moved fast.

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The FOMC meeting is set for September 15-16, and it's shaping up to be a messy one. Policymakers were already split before Friday's data landed.

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Chair Kevin Warsh hasn't helped matters. He's given no forward guidance — none — which means every data point between now and the 15th is going to get treated like it's the…

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President Trump weighed in Friday, pushing the Fed to cut rates and calling current borrowing costs a competitive disadvantage. It's a notable shift in tone.

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The macro chaos is only half the story. Bitcoin's own infrastructure has been in turmoil since early August, and that drama got a lot more complicated last week.

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On August 7, the BIP-110 soft fork activated on the Bitcoin network. It didn't go smoothly. The activation exposed something the Bitcoin community has argued about for years:…

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That failure lit a fire under a faction of the community led by LukeDashjr. On August 30 — less than a month after the BIP-110 mess — LukeDashjr's group pushed forward a hard…

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See also: Coinbase Aims to Launch 24/7 Stock Futures for 192,000 U.S. Traders

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It's a bold move. Whether it works is unclear.

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Right now, Blake2b Bitcoin trades only on Neoxa, priced at $350 against USDC. Liquidity is thin, the spread sits at 1.1%, and no major exchanges have listed it.

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The 50/50 rate odds mean volatility isn't going away. Any economic data between now and September 15 — inflation prints, consumer confidence, anything — could tip those…

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