Bitcoin (BTC) Price: BTC Dips but Institutions Keep Buying - Here’s What Traders Are Watching Now

TLDR

• Bitcoin dropped below $80,000 after strong U.S. jobs data boosted Fed rate hike bets to 60%
• BTC hit a three-month high of $82,178 last Thursday before pulling back
• Brent crude hit $97/barrel due to U.S.-Iran tensions, adding pressure on risk assets
• Bitcoin’s Liquid Network suffered a $320 million exploit, draining ~4,000 BTC
• U.S. spot Bitcoin ETFs pulled in $1 billion in net inflows last week, with $175 million on September 4 alone

Bitcoin is trading around $79,724 on Monday, down about 0.3% on the day. The drop comes after a strong U.S. jobs report on Friday rattled risk assets across the board.

U.S. employers added 162,000 jobs in August — nearly triple what economists expected. The unemployment rate held steady at 4.1%.

That data pushed markets to price a roughly 60% probability of a Fed rate hike at the September 15–16 meeting, up from 49% before the report, according to CME FedWatch.

Bitcoin had briefly climbed above $82,000 last week, touching a three-month high of $82,178 on Thursday. That rally stalled after the jobs numbers came in.

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