{"id":118475,"date":"2025-09-05T12:07:39","date_gmt":"2025-09-05T08:07:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118475"},"modified":"2025-09-05T12:07:42","modified_gmt":"2025-09-05T08:07:42","slug":"bitcoin-steadies-ahead-of-u-s-jobs-data-set-for-weekly-gain","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-steadies-ahead-of-u-s-jobs-data-set-for-weekly-gain\/09\/05\/market-updates\/","title":{"rendered":"Bitcoin Steadies Ahead of U.S. Jobs Data, Set for Weekly Gain"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin traded higher on Friday, lifted by optimism over a Federal Reserve rate cut later this month, with investors now focused on key U.S. nonfarm payrolls data for confirmation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin Recovers from August Declines<\/h3>\n\n\n\n<p>The world\u2019s largest cryptocurrency rose <strong>0.8% to $111,537.3<\/strong> by 01:35 ET (05:35 GMT). Despite recent volatility, Bitcoin is <strong>up 2.6% this week<\/strong>, partially recovering from sharp losses in late August when it tumbled from record highs above $124,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fed Rate Cut Bets Drive Sentiment<\/h3>\n\n\n\n<p>Crypto markets have drawn support from dovish commentary by several Fed officials, who noted that a <strong>cooling labor market<\/strong> increases the likelihood of a rate cut.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fed Chair Jerome Powell<\/strong> recently acknowledged risks from labor weakness, keeping easing expectations alive.<\/li>\n\n\n\n<li>Job openings and jobless claims released earlier this week both missed forecasts, strengthening the case for Fed action.<\/li>\n\n\n\n<li><strong>Fed fund futures<\/strong> show markets pricing in a <strong>96% chance of a 25bps cut<\/strong> at the September 16\u201317 meeting, CME FedWatch data indicated.<\/li>\n<\/ul>\n\n\n\n<p>Lower borrowing costs typically support risk-driven assets such as crypto, by <strong>boosting liquidity and freeing up capital for speculation<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Nonfarm Payrolls in Focus<\/h3>\n\n\n\n<p>The next catalyst will be <strong>Friday\u2019s August nonfarm payrolls data<\/strong>. Economists expect another month of subdued job gains, reinforcing the narrative of a cooling labor market. A weaker-than-expected print could cement expectations for September easing and extend Bitcoin\u2019s rebound.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Altcoins Remain Muted<\/h3>\n\n\n\n<p>While Bitcoin regained ground, broader crypto prices underperformed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong>: down 0.6% to <strong>$4,338.67<\/strong> \u2013 also nursing weekly losses.<\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong>: down 0.9%, while <strong>Cardano (ADA)<\/strong> inched up 0.2%.<\/li>\n\n\n\n<li><strong>Dogecoin (DOGE)<\/strong>: flat, while <strong>$TRUMP<\/strong> gained 0.6%.<\/li>\n<\/ul>\n\n\n\n<p>Despite muted action in altcoins, Bitcoin\u2019s resilience ahead of the jobs report underscores its role as the <strong>primary risk barometer in crypto markets<\/strong>, with traders watching closely for U.S. macroeconomic cues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin traded higher on Friday, lifted by optimism over a Federal Reserve rate cut later this month, with investors now focused on key U.S. nonfarm payrolls data for confirmation. Bitcoin Recovers from August Declines The world\u2019s largest cryptocurrency rose 0.8% to $111,537.3 by 01:35 ET (05:35 GMT). Despite recent volatility, Bitcoin is up 2.6% this &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-118475","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118475"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118475\/revisions"}],"predecessor-version":[{"id":118476,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118475\/revisions\/118476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}