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Bitcoin price falls 2.1% after US jobs data boosts Treasury yields and weakens risk appetite

Market News
04 Sep 2026
Crypto news
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Bearish
Bitcoin price falls 2.1% after US jobs data boosts Treasury yields and weakens risk appetite

Bitcoin briefly rose above $82,000 on September 4 but then dropped 2.1% to around $79,560 after stronger-than-expected US employment data raised Treasury yields and the likelihood of a Fed rate hike. This weakened demand for risk assets like Bitcoin, pushing it below key support levels near $78,800–$79,300. Analysts say holding above this zone is critical to maintain bullish momentum, with potential rebounds targeting $80,200 and $81,800. A break below $78,125 could lead to further declines toward $75,000 or lower. The market remains cautious amid higher yields and geopolitical tensions, impacting broader equity and crypto markets.

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