Bitcoin is holding steady near $111,100 as traders await Friday’s U.S. jobs report, a pivotal data point that could sway the Federal Reserve’s September decision; a softer Nonfarm Payrolls print would support rate cuts, while stronger jobs and wages could lift yields and pressure risk assets.
Immediate trigger: Friday’s U.S. Nonfarm Payrolls (NFP) print will strongly influence Fed expectations and short-term Bitcoin moves.
Market consensus leans toward a softer print, supporting a potential 25-basis-point cut in mid-September.
Goldman Sachs, CoinGecko price checks, and labor reports (Challenger) point to rising unemployment and higher job-cut tallies—factors traders watch closely.
Bitcoin steadies ahead of U.S. jobs report; traders eye Fed action. Read analysis, risk scenarios, and next steps — follow COINOTAG for updates.
What is driving Bitcoin ahead of the U.S. jobs report?
Bitcoin is primarily reacting to macroeconomic risk sentiment and shifting Federal Reserve expectations as traders await Friday’s U.S. jobs report. The market is pricing the probability of a modest easing path, and any surprise in NFP or wages could trigger rapid yield- and dollar-driven moves in crypto and equities.
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A soft Nonfarm Payrolls number would likely increase expectations for a 25-basis-point Fed rate cut in September, supporting risk-on flows. Market analysts and institutional desks note that contained wages and elevated unemployment could boost equities and crypto in the short term while lowering real yields.
A stronger-than-expected jobs print would likely raise yields, strengthen the dollar, and create near-term pressure on risk assets like Bitcoin. Traders would reassess the timing and magnitude of Fed easing, tightening short-term price support for crypto until macro clarity returns.
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