Bitcoin Drops Below $77,000 as U.S. Economic Data Set to be Released This Week
Prefer us on GoogleBitcoin has fallen by over $2,000, dropping below $77,000. Traders are focusing on the U.S. economic data for August, which could alter expectations for the Federal Reserve's September meeting. The economic data will kick off with the Chicago Purchasing Managers' Index on Monday. On Tuesday, the ISM Manufacturing PMI and the Job Openings and Labor Turnover Survey (JOLTS) will be released. It is expected that the number of job openings will decrease from 7.36 million to 7.27 million. On Wednesday, the ADP Nonfarm Employment Change report will be published, and on Thursday, the weekly unemployment claims and the services index will be provided. The most significant event of the week will be the U.S. employment report for August, which is set to be released on Friday. It is anticipated that the economy will create 58,000 jobs, with the unemployment rate remaining at 4.1%. Stronger-than-expected data could increase the likelihood of a rate hike and intensify selling pressure on Bitcoin. Conversely, weaker reports may help alleviate pressure on the crypto market.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
WEEX Trade to Earn Series 6: How Futures Trading Fees Relate to Market Volatility
How Paintings Could Have Become Part of the Digital Economy, but Didn't
Shein's IPO and China's PMI: What Changes for Markets
From Pay to One-Stop Asset Management, BiyaPay Expands Global Diverse Financial Services Boundaries
Trump's Cryptocurrency Scheme Rakes in $1.4 Billion While Investors Lose $4.7 Billion
Zcash private transactions could fall below 200ms
Behind the Surge of Robinhood Chain: Real Prosperity or Emotional Premium?
![[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"](/public-static/9_8dc682caea.png?format=avif)
[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"
A 36-day staking bottleneck is costing Ethereum depositors over $350,000 in lost rewards daily
AI Creates Abundance, BTC Creates Scarcity: What Web3 Truly Changes Is Not Production Relations, But Value Relations
Who is Selling Yushu? Large-Scale Transfer of High-Level Shares, 228.7 Million Shares to Be Unlocked Next Year
Ripple Donates $300,000 for Flood Relief in Nepal and Tibet
Cryptocurrency Arbitrage and Price Scanning: How Quants Identify Inefficiencies in Funding Rates and Spreads Using Trading APIs
DRAM Shortage Until 2030: How to Position Yourself on Memory Giants?
Why Stablecoins Can't Serve as Credit Despite Being Transferable and Store of Value?
Revolut begins EURR rollout as ECB details digital euro privacy safeguards
Bernstein Comments on Seven Memory Types: After HBM, DRAM and NAND Compete for the Next Trillion-Dollar Market
RAKIB Council for Financial Institutions Development: Association Prepares Crypto Market for Self-Regulation
How to Distinguish pipedog from Its Identical Bytecode Clone
After Impacting Two Generations, Meta Ordered to Pay $18 Billion
What is Thinking Cat (HMM)? Reasons Why Ownerless Tokens Can Still Fail
UK Police Seize $1.4 Million Worth of Bitcoin from Closed Darknet Market
Technical Analysis vs Fundamental Analysis: Definitions, Differences, and How to Use Them - Fintech World
Derivatives Begin to Drive Spot Markets: South Korea's Asset Pricing Power is Flowing Out
HYPE faces $36M team withdrawal on September 6
USD1 flows to Binance as Fireblocks wallet moves $30M
AI Earnings Week and Hawkish Fed Signals | WEEX TradFi Daily(August 31, 2026)
This edition focuses on crypto fund flows, geopolitical risk, the AI supply chain and semiconductor capital expenditure. Bitcoin spot ETF flows turned negative, while oil prices moved back above $90 as U.S.-Iran tensions escalated. Marvell Technology beat earnings expectations, but the market remained concerned about the timing of large-order realization. SK Hynix is advancing its U.S. HBM advanced-packaging capacity, keeping the AI supply chain and energy risk premium at the center of market pricing.
Bitcoin: 12 Years Later, He Recovers His Wallet and Becomes a Millionaire
Ripple lawyer links CLARITY Act to U.S. job growth
ECB Official Calls on Central Banks to Embrace Blockchain
WEEX Trade to Earn Series 6: How Futures Trading Fees Relate to Market Volatility
How Paintings Could Have Become Part of the Digital Economy, but Didn't
Shein's IPO and China's PMI: What Changes for Markets
From Pay to One-Stop Asset Management, BiyaPay Expands Global Diverse Financial Services Boundaries
Trump's Cryptocurrency Scheme Rakes in $1.4 Billion While Investors Lose $4.7 Billion
Zcash private transactions could fall below 200ms
Latest articles
Latest coin listings on WEEX
