TLDR
- Bitcoin dropped below $80,000 after strong U.S. jobs data boosted Fed rate hike bets to 60%
- BTC hit a three-month high of $82,178 last Thursday before pulling back
- Brent crude hit $97/barrel due to U.S.-Iran tensions, adding pressure on risk assets
- Bitcoin’s Liquid Network suffered a $320 million exploit, draining ~4,000 BTC
- U.S. spot Bitcoin ETFs pulled in $1 billion in net inflows last week, with $175 million on September 4 alone
Bitcoin is trading around $79,724 on Monday, down about 0.3% on the day. The drop comes after a strong U.S. jobs report on Friday rattled risk assets across the board.
U.S. employers added 162,000 jobs in August — nearly triple what economists expected. The unemployment rate held steady at 4.1%.
That data pushed markets to price a roughly 60% probability of a Fed rate hike at the September 15–16 meeting, up from 49% before the report, according to CME FedWatch.
Bitcoin had briefly climbed above $82,000 last week, touching a three-month high of $82,178 on Thursday. That rally stalled after the jobs numbers came in.
Higher interest rates tend to weigh on Bitcoin. They raise the cost of holding non-yielding assets and tighten financial conditions more broadly.
Oil Prices Add to the Pressure
Oil prices are also playing a role. Brent crude climbed to around $97 a barrel Monday as U.S.-Iran military tensions raised fears of supply disruptions.
The U.S. military struck three Iranian oil tankers on Saturday after Iran targeted U.S. Navy vessels with ballistic missiles. That pushed oil higher and added another layer of uncertainty for investors.
Analysts are now watching Thursday’s U.S. producer price data and Friday’s consumer price index for more clues on the Fed’s next move.
$320 Million Exploit Hits Bitcoin’s Liquid Network
Bitcoin’s Liquid Network, a settlement layer used by exchanges, halted new transactions after approximately $320 million in bitcoin was drained from its federation wallet.
Around 4,000 of the roughly 4,200 BTC held in the wallet were taken. The withdrawals were carried out through SideSwap, a platform authorized to operate on the network.
Those responsible described themselves as “purported white-hat hackers,” though their identities and intentions remain unclear. Exchanges have suspended LBTC deposits and withdrawals while the investigation continues.
Analyst Ted Pillows posted on X that BTC is hovering near the $80,000 level and flagged the weekly close as the key metric to watch. He noted that Bitcoin is close to the 50-week moving average, and a weekly close above it would make a strong case that Bitcoin has found its bottom.
$BTC is hovering around the $80,000 level.
Weekly close is the most important, as Bitcoin is very close to the 50W MA.
A weekly close above this would make a strong case for Bitcoin's bottom. pic.twitter.com/yiTxovGqQq
— Ted (@TedPillows) September 6, 2026
Institutional Demand Holds Firm
Despite the pressure, institutional demand has stayed steady. U.S. spot Bitcoin ETFs recorded $175 million in net inflows on September 4, their third straight positive session.
Spot Bitcoin ETFs Take In $175M; Ethereum ETFs Record $26.46M Inflow
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $175 million in net inflows on September 4 (ET), marking their third consecutive day of inflows. BlackRock's IBIT led with $117 million, followed by… pic.twitter.com/dNOGJAVUw5
— Wu Blockchain (@WuBlockchain) September 5, 2026
BlackRock’s IBIT led with $117 million in inflows, followed by Fidelity with $57.22 million. Total ETF inflows for the week reached approximately $1 billion.
Kalshi traders are pricing a 77% probability that Bitcoin crosses $85,000 before October 2. That would require a gain of roughly 6.3% from current levels.
Bitcoin’s four-hour RSI sits at 55.20, reflecting neutral momentum. The MACD histogram is showing a slight bearish reading at -66.35, though both MACD lines remain above zero.
The key support level to hold is $79,500. A move above $82,000 would be the next step toward a push for $85,000.
