Bitcoin Price USD Risks $74K Drop as Jobs and Bond Yields Bite
Key Insights
- Bitcoin price USD stayed below $80,000 as macro pressure persisted.
- Glassnode placed major overhead supply between $83,000 and $86,000.
- Friday’s U.S. payroll report could reset Federal Reserve expectations.
Bitcoin price USD held near $77,200 on Sept. 3 after its late-August recovery failed to establish support above $80,000.
BTC traded around $77,200 across major market feeds, remaining inside the range formed after the August short squeeze. Elevated Treasury yields, heavier profitable supply, and weaker ETF turnover continued to restrict the recovery.
Traders are also preparing for the U.S. August Employment Situation report on Sept. 4. The release could alter interest-rate expectations ahead of the Federal Reserve’s Sept. 15–16 meeting.
Bitcoin Price USD Holds Below $80,000
CoinMarketCap showed Bitcoin near $77,200, with roughly $27.7 billion in 24-hour trading volume. The asset remained below the $80,000 level that capped several recent recovery attempts. Its market capitalization stood near $1.55 trillion based on circulating supply.
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