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Bitcoin holds near $84,000 ahead of U.S. jobs report

Treasury yields are the macro focus after the 10-year rate touched a 24-year high overnight, then pulled back before the September payrolls report.

Bitcoin traded just under $84,000 and ether just above $2,700 on the first day of the fourth quarter, with both little changed. Bitcoin had just closed its best quarter since 2024.

The U.S. 10-year Treasury yield touched a 24-year high of 5.362% overnight before easing to 5.282%. Attention now turns to the September Nonfarm Payrolls Report. Economists forecast 90,000 jobs added and an unemployment rate of 4.1%.

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Frequently asked questions

  1. How did Bitcoin and ether start the fourth quarter?

    Both were little changed. Bitcoin traded just under $84,000, while ether was just above $2,700.

  2. How did Bitcoin perform in the preceding quarter?

    Bitcoin closed out its best quarter since 2024.

  3. What happened to the U.S. 10-year Treasury yield?

    It touched a 24-year high of 5.362% overnight before easing to 5.282%.

  4. What is the forecast for September U.S. payrolls?

    Economists forecast that the U.S. added 90,000 jobs in September.

  5. What is the forecast for the U.S. unemployment rate?

    Economists expect the unemployment rate to hold at 4.1% in the September jobs report.

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