Bitcoin's price took a sharp downturn, falling under the $80,000 threshold in the wake of the latest US labor market data.

The cryptocurrency market experienced significant volatility on September 4th as investors reacted to the newly published August non-farm payroll figures, which triggered a sell-off in digital assets.

According to real-time market tracking, the leading digital currency by market capitalization broke through the key psychological level to the downside, reflecting heightened risk aversion among traders following the macroeconomic data release.