# Bitcoin Drops $3,000 in One Hour: What Happened?
This week, Bitcoin delivered a pure volatility show. On Friday, U.S. employment data came in like a cold shower: only 22,000 jobs created in August, compared to the 75,000 expected.
**The reaction was immediate:** BTC hit $113,400 in the morning and plummeted nearly $3,000 in less than an hour. Meanwhile, gold surged to all-time highs, and the dollar weakened as if nothing was happening.
# # What this means
The market now expects the Federal Reserve to cut rates on September 17, according to CME Group’s FedWatch tool. This is the second weake
This week, Bitcoin delivered a pure volatility show. On Friday, U.S. employment data came in like a cold shower: only 22,000 jobs created in August, compared to the 75,000 expected.
**The reaction was immediate:** BTC hit $113,400 in the morning and plummeted nearly $3,000 in less than an hour. Meanwhile, gold surged to all-time highs, and the dollar weakened as if nothing was happening.
# # What this means
The market now expects the Federal Reserve to cut rates on September 17, according to CME Group’s FedWatch tool. This is the second weake
BTC-0.66%

