U S Jobs Report

Bitcoin briefly climbed above $86,885 before easing back toward $86,000, keeping its October gain intact as traders awaited U.S. labor market data. The move came despite surging government bond yields, a stronger dollar and renewed concern over France’s public finances.

Bitcoin derivatives activity is accelerating as open interest climbs by 27,000 BTC and funding rates move higher. The shift points to renewed demand for bullish exposure, though elevated leverage may also increase reversal risk.

The dollar enters the week with stronger support from revived Federal Reserve tightening expectations after resilient August payrolls. FX traders are also watching U.S. inflation data, the ECB decision and key EUR/USD and GBP/USD technical levels.

Bitcoin climbed above $65,000 after a weak U.S. jobs report cooled fears of further Federal Reserve rate hikes. Most major cryptocurrencies traded higher on the week, though XRP lagged as the only large token in the red across both daily and weekly views.

AUD/USD is holding near the lower edge of a rising wedge after pulling back from a near two-month high. Traders are watching U.S. employment data for signals that could shift Federal Reserve expectations and determine whether the pair breaks support or resumes its recent climb.

U.S. job creation cooled sharply in June, with payroll gains far below expectations even as the unemployment rate edged lower. The softer report may ease pressure on the Federal Reserve and helped push bitcoin lower after the release.