Bitcoin Price Today: Bullish and Bearish Targets Ahead Of US Jobs Report | News

Currencies39003
Market Cap$ 2.71T+0.49%
24h Spot Volume$ 31.33B+1.25%
DominanceBTC57.41%-0.42%ETH10.78%-0.18%
ETH Gas0.04 Gwei
News
Sep 3, 2026
2min read
byAnjali Belgaumkar
forCoinpedia

<img src="https://xpertsstudio.com/wp-content/uploads/2026/09/Bitcoin-Bulls-vs.-Bears-Why-BTC-Is-Consolidating-Despite-Massive-Institutional-Dumps-1.jpg” alt=”Bitcoin Price Today: Bullish and Bearish Targets Ahead Of US Jobs Report” loading=”lazy”>

Bitcoin trades at $77,755.77 (+1.1% 24h) as the total crypto market cap is $2.7 trillion with $73.5 billion in volume and BTC dominance rising to 59.7%, while Ethereum trades near $2,383 and Solana around $100. Softer ADP payrolls (+38,000 vs 47,000 forecast) has strengthened Fed rate-cut bets ahead of Friday’s 53,000 nonfarm payrolls print, supporting crypto risk assets, but on-chain data shows 68% of BTC supply in profit and a short-term holder cost basis near $71,000 and ETF/institutional buying has become less consistent, leaving markets range-bound with $76,200-$76,500 support and $77,700-$78,300 resistance.

See what traders are focused on

Bitcoin is trading at $77,755.77, up 1.1% over 24 hours, as the broader crypto market cap sits at $2.7 trillion, roughly flat on the day with $73.5 billion in trading volume. Bitcoin’s share of the total crypto market has grown to 59.7%, its highest recent level, as BTC continues outpacing altcoins in overall market weight. Ethereum dominance sits at 11.2%, while the remaining assets across the market make up 29.1% of total capitalization.

Weak Labor Data Adds to Rate Cut Bets

Private payrolls rose by just 38,000 in August below the 47,000 forecast and down from July’s 46,000 reading. The softer print has strengthened the case for a Federal Reserve rate cut, a scenario that would typically support stocks and crypto while pressuring the dollar and Treasury yields

Markets are now focused on Friday’s nonfarm payrolls report, with economists expecting a gain of 53,000 jobs and unemployment holding steady at 4.1%.

According to market analysis from Vikram Subburaj, CEO of Giottus.com, Bitcoin is trading in a largely range-bound market as investors wait for clearer signals from Friday’s employment data. Markets are currently pricing in roughly a 66% probability of a rate move from the Fed, a level of uncertainty Subburaj said continues to cap risk appetite across crypto.

On-chain data paints a mixed but not weak picture, Subburaj told Coinpedia. Around 68% of Bitcoin’s circulating supply remains in profit, and the short-term holder cost basis sits near $71,000, meaning most recent buyers are still in positive territory. 

However, he flagged that ETF demand has become less consistent following a strong August, suggesting institutional buying is no longer providing the same steady, one-directional support it did earlier in the rally.

Large-cap altcoins remain subdued alongside Bitcoin, with Ethereum trading near $2,383 and Solana around $100, broadly in line with current CoinMarketCap pricing of $2,404.20 and $100.90 respectively.

Subburaj’s advice for traders heading into Friday’s data was to avoid aggressive leverage, and favor staggered accumulation with disciplined position sizing instead. He flagged $76,200-$76,500 as the immediate support zone for Bitcoin, with $77,700-$78,300 as the resistance range to watch in the near term.

Source: cryptorank.io