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Bitcoin hits $65,340 as US job losses lower Fed rate hike odds for September

Market News
08 Aug 2026, 11:32 WIB
Blockonomi
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Bullish
Bitcoin hits $65,340 as US job losses lower Fed rate hike odds for September

Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 42%, boosting market sentiment. US spot Bitcoin ETFs saw $98.85 million in net inflows, marking five consecutive days of positive flows, indicating strong investor interest. The market remains cautious but resilient amid these shifts, with Bitcoin trading in a $62,000 to $65,000 range and eyes on inflation data for future Fed moves.

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