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Bitcoin drops over 2% after strong U.S. jobs data sparks Fed rate hike fears

Market News
05 Sep 2026
Blockonomi
View Source
Neutral
Bitcoin drops over 2% after strong U.S. jobs data sparks Fed rate hike fears

Bitcoin fell more than 2% on Friday, dropping from $81,300 to a low of $78,600 after U.S. August jobs data showed a stronger-than-expected 162,000 payroll increase, raising expectations for a Federal Reserve rate hike. Despite the pullback, Bitcoin is set for a third consecutive weekly gain of about 3%, fueled by a recent $20,000 rally over 20 days and strong inflows into U.S. spot Bitcoin ETFs, led by BlackRock. Market watchers note this rally caused historic leveraged position liquidations worth $11.4 billion. The Federal Reserve's upcoming decisions remain a key focus for investors.

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Ethereum dips to $2,438 amid strong US jobs data and major holder selling $408M in ETH.

Ethereum dips to $2,438 amid strong US jobs data and major holder selling $408M in ETH.

Ethereum's price fell from $2,546 to around $2,438 following stronger-than-expected US August jobs data, which raised Federal Reserve rate hike odds to 60%. A major holder liquidated 167,855 ETH worth about $408 million over five days, adding bearish...

Market News
Bearish
4 hours ago
McEwen rated BUY with $31 target on copper growth and key project catalysts.

McEwen rated BUY with $31 target on copper growth and key project catalysts.

McEwen Inc. (MUX) is rated a BUY with a $31 price target, driven by expected long-term growth in assets and copper production. The company plans to increase production from 115,700 ounces in 2025 to up to 300,000 ounces by 2030 with minimal dilution....

Company Fundamentals
Bullish
4 hours ago
Cardano buyers push for breakout above flag pattern with strong volume and positive funding.

Cardano buyers push for breakout above flag pattern with strong volume and positive funding.

Cardano (ADA) has been trading within a flag pattern for most of the year, with a recent renewed attempt by buyers to break above the resistance around $0.29. After rebounding from the 100-day EMA near $0.19, ADA saw over 10% gains in 24 hours, suppo...

Technical Signals
Bullish
4 hours ago
Pons memecoin launchpad on Robinhood Chain outpaces Solana's Pump.fun in fees amid free gas period.

Pons memecoin launchpad on Robinhood Chain outpaces Solana's Pump.fun in fees amid free gas period.

Pons, a memecoin launchpad on Robinhood Chain, has consistently out-earned Solana's Pump.fun in daily fees since August 29, reaching $4.89 million on August 31. The platform benefits from a 90-day gas fee waiver on Robinhood Chain, allowing zero tran...

Protocol Fundamentals
Bullish
4 hours ago
Robinhood Chain hits $791M TVL, surpasses Solana in daily revenue within 60 days of launch

Robinhood Chain hits $791M TVL, surpasses Solana in daily revenue within 60 days of launch

Robinhood Chain launched on July 1, 2026, as an Arbitrum Orbit Layer 2 and quickly grew to $791 million in total value locked (TVL) within 60 days. It surpassed Solana in daily revenue, generating $4.01 million compared to Solana's $78,000 on the sam...

Protocol Fundamentals
Bullish
4 hours ago
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