Crypto MarketSep 7, 2026
Bitcoin below $80K as Labor Day liquidity crunch erodes weekend gains
Bitcoin slipped below $80K on Monday as the Labor Day holiday thinned order books, setting the stage for volatility ahead of US CPI and PPI releases.
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Bitcoin slipped below $80K on Monday as the Labor Day holiday thinned order books, setting the stage for volatility ahead of US CPI and PPI releases.
August nonfarm payrolls beat forecasts, sending Bitcoin below $80K. The surprise reshapes Fed rate-cut odds, mining dynamics and market sentiment.
Spot Bitcoin ETFs saw a $731 million inflow on Thursday, the strongest single-day net inflow since January, with BlackRock's IBIT accounting for over half.