U.S. August payrolls came in at roughly three times the forecast, pushing the probability of a September rate hike toward 58%, according to CoinDesk’s live market update. Equities sold off after the data, while crypto did not move in the same direction. Bitcoin held around $79,000, showing relative stability even as rate expectations climbed. The same update noted that Zcash had gained 45% over the past week. The move in rate odds and the split reaction between stocks and digital assets were the main points highlighted in the brief report.
U.S. August payrolls came in at roughly three times the forecast, pushing September rate-hike odds toward 58%. Stocks sold off after the data, but crypto had not followed that move at the time of CoinDesk’s update.
Bitcoin held at $79,000, while Zcash was up 45% over the past week.
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