According to CoinMeta, based on Cointelegraph data, the number of non-farm jobs in the United States increased by 162,000 in August, exceeding the expected 56,000. The price of BTC fell below the $80,000 mark, dropping from $81,300 to $78,600, and has now rebounded to around $79,500. Market expectations for the Federal Reserve's interest rate policy have shifted, with an equal probability of a pause or a 25-basis-point interest rate hike. The strong performance of the labor market gives the Federal Reserve the confidence to maintain high interest rates, forcing the market to reprice the risk of hikes. Bitcoin, as a risky asset, has faced selling pressure under the increasing expectations of tightening, with funds flowing towards safe-haven assets. The persistence of a high-interest-rate environment will continue to suppress liquidity in the cryptocurrency market, and market sentiment will remain extremely cautious in the short term.