Bitcoin Holds Steady Amid Weak U.S. Jobs Data and Potential Fed Rate Cuts

On September 6, 2025, Bitcoin's price modestly rose by 1.45% to reach $110,889.18. This came in the wake of an underwhelming U.S. jobs report, which showed only 22,000 new jobs added in August — far below the anticipated 75,000. Additionally, prior months' data were revised downward, with June revealing a net loss of 13,000 jobs. Key sectors like manufacturing, construction, and wholesale trade experienced job cuts.

These disappointing employment figures have heightened expectations for the Federal Reserve to cut interest rates at its upcoming September 17 meeting. Market consensus now puts the probability of some form of rate cut at 100%, with a 50-basis-point reduction probability climbing to 12%. Such monetary easing traditionally supports risk assets like Bitcoin, but the crypto is still struggling to break above the $112,000 mark after unsuccessful attempts to surpass $113,300.

Technical analysis points to a "double top" pattern formation, a bearish signal that may indicate further price declines. Support is currently noted near the 200-day simple moving average (SMA) of $101,700, a critical level for investors to watch.

Furthermore, analysts anticipate continued volatility in U.S. Treasury yields, which could have ripple effects on Bitcoin prices and wider risk asset classes. This calls for cautious optimism among traders.

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Stay informed and leverage tools like Bitlet.app to navigate the evolving crypto landscape effectively.