Surprise nonfarm payrolls print sends Bitcoin back below 80K

BTC

BTC/USDT

$79,697.73

-1.64%

$79,697.73

-1.64%

(24s)

24h Volume

$17,884,286,555.75

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,668.77

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,478.87

Resistance 1$79,916.17

Price$79,668.77

Support 1$79,507.02

Support 2$76,170.88

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

Cointelegraph Staff

(08:30 PM UTC)

1 min read

Updated byDavid Kim

Key points:

The US economy added 162,000 nonfarm payroll jobs in August, nearly triple economists’ consensus estimate of 56,000.
Bitcoin sold off from $81,300 to local lows of $78,600 following the data, before recovering to $79,500.
A rival Bitcoin fork using the Blake2b algorithm saw its first trading activity, with coins changing hands at $350 on exchange Neoxa.