Bitcoin Waits for Jobs Data as ETF Demand Cools

Bitcoin was trading almost flat at $77,700 as crypto traders awaited Friday’s U.S. jobs report. The data could influence expectations for the Federal Reserve’s next major move.

Ethereum was also holding near $2,400.The market was in a wait-and-see mode ahead of the employment release. Bitcoin’s limited move and Ethereum’s similarly quiet trading reflected a period of caution as traders looked for a clearer signal from the U.S. data.

Could US payrolls post another decline on Friday?The number of hires fell by -278,000 in July, to 5.05 million, the lowest since February.At the same time, total separations, the number of workers leaving their jobs through quits, layoffs or other departures, dropped… pic.twitter.com/Hq4JOuRGyX— The Kobeissi Letter (@KobeissiLetter) September 2, 2026 Friday’s report could either reinforce or alter the market’s view of the policy outlook.

For crypto traders, that makes the release a key focus while Bitcoin remains near its current level.Discover: The Best Token PresalesWhy Crypto ETF Demand MattersThe flat price action comes alongside signs of resilience in Bitcoin holdings.