Bitcoin Touches Its Lowest Since August After a Hot Jobs Report, Then Steadies Near $75,800

Bitcoin fell to $74,722 on Coinbase, its lowest since August 21, after October payrolls rose 165,000 and strengthened expectations of a December Fed rate increase. It recovered to about $75,790 as the Nasdaq rose 1.1%; spot Bitcoin ETFs lost $430.2 million on Thursday. Bitcoin dipped to $74,722 on Coinbase on Friday, its lowest price since August 21, after the US October jobs report showed payroll growth more than three times its 12-month average and strengthened expectations that the Federal Reserve could raise interest rates in December. The drop did not last.