Bitcoin hovers near more than 3-month lows after U.S. payrolls

FILE PHOTO: A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) -Bitcoin slumped as much as 5% on Friday to its lowest since late September, amid a broader sell-off for cryptocurrencies driven by concerns about tighter U.S. monetary policy.

Bitcoin was last down more than 3% at $41,704 after touching $40,938, its lowest since Sept. 29, as a mixed bag of U.S. payrolls data fuelled some bargain buying.