Bitcoin ended August under renewed pressure, slipping below $77,000 after US and Iran resumed military attacks against each other. Several major US economic reports are due this week, including July JOLTS Job Openings, August ISM Manufacturing PMI, the ADP Private Employment Report, and the ISM Services PMI. The August employment report on Friday at 8:30 ET is the most important event, with economists expecting approximately 58,000 jobs added and unemployment steady at 4.1 percent. July showed a loss of 23,000 jobs, raising concerns about labor market momentum. These figures could significantly reshape expectations for the Fed’s September 15-16 meeting and impact risk assets like bitcoin.
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