Bitcoin was trading at approximately $79,724 on Monday morning, down 0.3% for the day, after stronger-than-expected employment data increased market expectations for a Federal Reserve rate increase to about 60% for the September 15–16 meeting, from 49% before the release. American businesses created 162,000 positions in August, nearly triple economist forecasts, while the jobless rate held at 4.1%. Bitcoin had reached a three-month and quarterly peak of $82,178 on Thursday before retreating. Higher rates can pressure non-yielding assets by increasing their opportunity cost and tightening liquidity. Brent crude climbed to about $97 a barrel as escalating U.S.-Iran military confrontations raised concerns over energy supply disruptions, adding volatility for risk-sensitive assets. Separately, the Liquid Network, a Bitcoin settlement infrastructure used by cryptocurrency exchanges, halted new transaction processing after about $320 million in bitcoin was removed from its federation custody wallet. Nearly 4,000 of the roughly 4,200 BTC held there were extracted through SideSwap, an authorized network participant with operational credentials. The people involved described themselves as purported white-hat hackers, but their identities and objectives remain unknown. Trading platforms paused LBTC deposits and withdrawals during forensic analysis. U.S. spot Bitcoin ETFs attracted $175 million on September 4, their third consecutive positive session, bringing weekly inflows to about $1 billion. BlackRock's IBIT accounted for $117 million and Fidelity for $57.22 million. Prediction-market participants on Kalshi put the probability of Bitcoin reaching $85,000 before October 2 at 77%, requiring about a 6.3% gain from current levels. Bitcoin's four-hour Relative Strength Index (momentum indicator) stood at 55.20, while its MACD histogram was modestly bearish at -66.35 even as both MACD lines remained positive. The key support level is $79,500, with a move above $82,000 viewed as the next step toward $85,000. Market analyst Ted Pillows said the weekly close is especially important because Bitcoin is near its 50-week moving average; a close above it, he said, would make a strong case that Bitcoin has established its cycle bottom. Traders are also watching Thursday's U.S. producer price data and Friday's consumer price index for further signals on Federal Reserve policy.