09.07.2024 - Bitcoin and other cryptocurrencies turned sharply lower, erasing earlier gains, as digital assets got swept up in a volatile trading session across markets following a disappointing US jobs report. Bitcoin rose as much as 1.6% after the August employment report Friday morning in New York, only to turn decidedly lower about an hour later. The original crypto asset was down 4.5% at about $53,555, its lowest price since Aug. 5, as of 2:54 p.m. in New York. Ether, the second-biggest cryptocurrency, was down almost 6%. US payrolls grew by 142,000 jobs in August, less than the average of 165,000 expected by economists in a Bloomberg survey, and the prior two months’ figures were revised lower by 86,000. Swaps traders had pushed...