Crypto-linked stocks and gold miners were among the worst performers on Friday after stronger-than-expected August jobs data strengthened the case for a Federal Reserve rate hike this month.

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The U.S. economy added 162,000 jobs in August, well above the consensus estimate of 56,000. July’s reported loss of 23,000 jobs was also revised into a gain of 21,000.

The stronger labor market has now fully shifted the focus toward the next inflation reading, with price pressures still remaining above the 2% target.

CME FedWatch now puts the probability of a hike to 3.75%–4% at the Sept. 16 FOMC meeting at 60.2%, versus 39.8% for a hold, as of 9:19 a.m. ET.

“The…