Stephen Alpher

The price of bitcoin initially showed little reaction to the soft data.

Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

Bitcoin continued with modest daily gains at $61,300 following the report.

The blame this time can't be laid on macro jitters, as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.

The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.

Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.

Bitcoin rose in the immediate aftermath of his remarks at the Fed's Jackson Hole conference.

It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.

Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.

The bitcoin price rose about 1% just after the numbers hit, but remains lower by about 5% from one week ago.