Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets

Bitcoin (BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers.Key points:Crypto and risk assets gained after US nonfarm payrolls fell by 23,000 in July.Fed interest-rate bets for September shift from a 0.25% hike to a pause on signs of a weaker labor market.Bitcoin and altcoins stayed “resilient” after a week of bearish surprises, per analysis from QCP Capital.Crypto, stocks higher on low nonfarm payrolls printData from TradingView showed BTC/USD hitting $65,340 on Bitstamp, up 1.3% on the day, as fresh US labour-market data was released.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewThe US economy lost 23,000 jobs in July, per nonfarm payrolls data from the Bureau of Labor Statistics (BLS), with the unemployment rate at 4.1%, numbers it described as “little changed” versus the month prior.“The change in total nonfarm payroll employment for May was revised down by 66,000, from +129,000 to +63,000, and the change for June was revised down by 37,000, from +57,000 to +20,000. With these revisions, employment in May and June combined is 103,000 lower than previously reported,” an official statement added.The combination of neg...