U.S. private payrolls rise just 38,000 as BTC holds near $77,000

  • U.S. private payrolls increased 38,000 in August, missing the 48,000 consensus estimate.
  • BTC traded at $77,323.2, down 0.14%, as ETH fell 1.13% to $2,391.18.
  • September 4 brings the U.S. August unemployment rate and seasonally adjusted nonfarm payrolls.

U.S. private payrolls increased by 38,000 in August, below the 48,000 consensus estimate and the previous 44,000 reading, easing pressure on Treasury yields after a recent climb. The 10-year yield fell to around 4.794% from an intraday high of 4.818%, while U.S. equities ended a three-day decline, with the Dow, S&P 500 and Nasdaq rising 0.56%, 0.46% and 0.45%, respectively. Bitcoin briefly fell below $76,500 before recovering toward $77,000, while ETH stayed near $2,400. Brent crude rose 1% to $95.63 a barrel and WTI reached $91.01 as U.S.-Iran tensions and Strait of Hormuz disruption risks sustained inflation concerns. BTC’s immediate support is at $76,000-$76,500, followed by $75,000; moves above $78,000-$79,000 and then $80,000 would improve the technical outlook. Stock-linked Meme speculation intensified after the JINQIAN/FAMI rally and reversal, with the on-chain FAMI token lacking official issuance, redemption or arbitrage links to Farmmi shares. ARB rose about 13% after Arbitrum reported $6.19 million in first-half revenue, while AKE gained about 80% after perpetual contracts launched with up to 10x leverage. Other developments included Wyoming’s adoption of Chainlink Proof of Reserve for its FRNT stablecoin, SEC Chair Paul Atkins’s expectation that the Senate will pass the CLARITY Act on September 15, and Payward’s postponement of its IPO to no earlier than the second quarter of 2027. The outlook includes U.S. labor data, OPEC+’s September 6 meeting and scheduled token unlocks for OPN and HYPE.

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