BTC USD and the wider markets are bracing for a busy Thursday of economic releases. August ADP Nonfarm Employment, Initial Jobless Claims, the ISM Services PMI, and the S&P Global Services PMI are all due. These reports will shape expectations for whether the Federal Reserve moves forward with a September rate cut.<\/p>\n
The anticipation follows weaker labor market signals and a stunted crypto market<\/a> and BTC \u25bc-0.16%<\/span><\/a>. The JOLTS report showed job openings fell to 7.18M in July, missing forecasts of 7.38M and marking the lowest reading since 2021.<\/p>\n \u201cThe jobs number showed that we are seeing more of a slowdown in the labour market in the US,\u201d said Shaun Osborne, chief currency strategist at Scotiabank. \u201cFor the first time since 2021, there are more unemployed people<\/strong> in the US than available jobs and that is a big change in the outlook.\u201d<\/p>\n DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n So if you\u2019re following at home, here\u2019s what\u2019s coming out from the US today:<\/p>\n August ADP Nonfarm Employment Change (Jobs indicator) This weak US economic data helped reverse a global bond sell-off and left crypto stagnant<\/a>. The yield on 30-year Treasuries slipped 6 basis points to 4.90%, while UK gilts fell from 5.75% to 5.60% after hitting post-1998 highs.<\/p>\n Andy Brenner, head of international fixed income at NatAlliance, said rising layoffs and weaker job openings \u201cgot my attention, and the market\u2019s attention.\u201d<\/strong><\/p>\n (Source: Reuters<\/a>)<\/p>\n This rebound comes as global debt issuance ramps back up, with the UK issuing a record $14B in 10-year gilts. Analysts warn that the fresh supply and sticky inflation could reintroduce volatility.<\/p>\n On the DeFi side, stablecoin market cap rose 42% year-on-year, showing investors still want to hedge against rate-driven volatility. Solana and Ethereum TVL each gained +20% over the past quarter, while smaller chains lagged. This underscores how liquidity prefers blue-chip cryptos<\/a> and scales<\/span>\u00a0in uncertain conditions.<\/p>\n DISCOVER: Top 20 Crypto to Buy in 2025<\/a><\/strong><\/p>\n Another US data point to pay attention to is the payrolls report, which will test how the economy absorbs Trump\u2019s global tariffs. Analysts say tariffs have already contributed to a slowdown in manufacturing. Additionally, President Trump is moving to oust Fed Governor Lisa Cook further placing US economic control in his hands.<\/p>\n Cost of living in the US is set to rise even further:<\/p>\n Only 25% of Americans now say they have a “good chance” of improving their standard of living, a record low in WSJ\u2019s surveys dating back to 1987.<\/p>\n By comparison, this percentage was between 50% and 60% for several years\u2026 pic.twitter.com\/gUbnd8zyhi<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) September 3, 2025<\/a><\/p>\n\n Roger Hallam of Vanguard summed up the tension: \u201cIt\u2019s almost a perfect storm of concerns over current fiscal policies becoming inflationary, potentially more global issuance, and not enough demand.\u201d<\/p>\n EXPLORE: Trump Crypto Moves Made $5Bn in 2025: How To Get Rich in Crypto Trump-Style?<\/a><\/strong><\/p>\n Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n US jobs data, bond yields, and Trump\u2019s tariffs are shaping expectations for a September Fed rate cut. Here\u2019s what CoinGlass and DeFiLlama data reveal about markets. <\/p>\n This weak US economic data helped reverse a global sell-off in bonds and left crypto stagnant<\/a>. <\/p><\/div>\n The post US Jobs Data and BTC USD and Bond Market Rally Put Fed Rate Cuts in Focus<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" BTC USD and the wider markets are bracing for a busy Thursday of economic releases. August ADP Nonfarm Employment, Initial Jobless Claims, the ISM Services PMI, and the S&P Global Services PMI are all due. These reports will shape expectations for whether the Federal Reserve moves forward with a September rate cut. The anticipation follows […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93685","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93685"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93685"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93685\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Will BTC USD Hit New ATHs or Crash Below $100k? Bond Yields React to Labor Market Slowdown<\/h2>\n
\nInitial Jobless Claims\u00a0 (Weekly snapshot of layoffs)
\nISM Non-Manufacturing (Services) PMI (Released Wednesday\u2026 it wasn\u2019t good<\/a>)
\nJOLTS (Job Openings and Labor Turnover Survey), and it was already flagged as sluggish<\/p>\nTrump\u2019s Tariffs Add Another Variable for the Fed<\/h2>\n
Key Takeaways<\/h2>\n