US Jobs Reports Put Bitcoin’s September Price Move in Focus This Week
Bitcoin (BTC) sat at $78,000, down -0.2% on the day, as a packed week of US labor and activity data could reshape expectations for the Federal Reserve’s September rate decision.
On Kalshi, traders priced a close split for the September 15–16 Federal Open Market Committee meeting: 53% odds of a 25-basis-point increase and 47% odds of no change.
Five major reports are due before the Fed meets, with Friday’s nonfarm payrolls release expected to be the most closely watched. The week’s central question is whether labor-market data show enough cooling to make a rate increase harder to justify or enough strength to lift expectations for a hike.
BTC USD is up nearly +2% over the past week, as the leading digital asset surged from $68,000 to over $81,000. Daily trading volume for Bitcoin currently sits at $66Bn.
The December Fed contract prices an 88.7% chance of a HIKE.
0% chance of a cut. Most are still positioned like easing is coming.
Bitcoin bitcoin:native held its recovery candle through a week where the market repriced toward tightening.
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