Bitcoin Slides From $82,400 to Under $80,000 After Strong US Jobs Report
Bitcoin peaked at $82,400 before plunging below $79,000 on a strong US jobs report, while altcoins ARB and ZEC posted double-digit gains.
Why it matters
The jobs report sharply shifted Fed rate hike expectations, injecting uncertainty into risk assets and pulling Bitcoin back from multi-month highs just as it was showing signs of sustained recovery.
Key facts
Bitcoin peaked at $82,400 before the US jobs report released on Friday.
82,400 USDReported by CryptoPotato
Bitcoin plunged to under $79,000 immediately after the US jobs report on Friday.
79,000 USDReported by CryptoPotato
Bitcoin rebounded to around $80,000 over the weekend.
80,000 USDReported by CryptoPotato
The US jobs report was stronger than expected, causing Fed rate hike odds to surge.
Reported by CryptoPotato
ARB surged 42% in daily gains.
42 %Reported by CryptoPotato
ZEC skyrocketed 17% in daily gains.
17 %Reported by CryptoPotato
BNB surged 4.5%.
4.5 %Reported by CryptoPotato
Bitcoin closed August in the green for the first time in a bear market, surging over 25% for the month.
25 %Reported by CryptoPotato
What happened
Bitcoin rallied to $82,400 on Friday, its highest level in roughly three and a half months, before a stronger-than-expected US jobs report triggered an immediate selloff that sent the price below $79,000, according to CryptoPotato. The sharp reversal came after BTC had broken out from a multi-day range between $77,000 and $79,000, which had formed following geopolitical tensions between the US and Iran and the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole. CryptoPotato reported that BTC had recovered to approximately $80,000 by the weekend, though the amount of bearish news had risen significantly. On the altcoin side, CryptoPotato noted that XRP fell to $1.40, ETH lost the $2,500 level, and XMR plunged over 5%, while BNB surged 4.5%. A separate CryptoPotato report highlighted that ARB skyrocketed 42% and ZEC jumped 17% in daily gains.
How the story developed
- Update
Bitcoin breaks out above $79,000 on Thursday
BTC surged past the upper boundary of its recent range, beginning a rally to new multi-month highs.
- First report
First report by CryptoPotato
PONS Skyrockets Another 30% to New ATH, Bitcoin Loses $80K: Weekend Watch
- Update
Bitcoin peaks at $82,400 before US jobs report
BTC reached its highest price since mid-May, holding above $81,000 before the report.
- Update
US jobs report triggers Bitcoin selloff
A stronger-than-expected jobs report sent Fed rate hike odds soaring, causing BTC to plunge from above $82,000 to below $79,000.
- Update
Bitcoin recovers to around $80,000 over the weekend
Despite bearish news piling up, BTC managed to rebound from the Friday drop.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 5 Sept 2026, 10:32 UTC: CryptoPotato — 1 independent source, 1 reports
Affected entities
Also mentioned: Monero, Cardano, Uniswap, Hyperliquid, Federal Reserve, Solana, Dogecoin
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoPotato Crypto media | PONS Skyrockets Another 30% to New ATH, Bitcoin Loses $80K: Weekend Watch | Original | |
| CryptoPotato Crypto media | Arbitrum (ARB) Rockets by 42% Daily, Bitcoin (BTC) Fights for $80K: Weekend Watch | Independent |
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