Bitcoin News Today: Bitcoin Falters as Gold Soars in Divergent Rate-Cut Play

The U.S. labor market showed signs of deterioration in August, with nonfarm payrolls (NFP) adding only 22,000 jobs—well below the expected 75,000—further cementing expectations for a Federal Reserve rate cut at its September 17 meeting. This weak print, coupled with downward revisions to previous months’ data, has intensified speculation that the Fed may ease monetary policy to stimulate economic growth. The CME Group’s FedWatch tool now assigns a near 100% probability to a 25-basis-point rate cut in September, reflecting a dramatic shift in market sentiment since the beginning of the month [4].

Bitcoin initially surged to an intraday high of $113,400 following the release of the jobs data but quickly reversed course, falling back below $111,000 within an hour. Despite the optimism surrounding potential Fed easing, BTC failed to sustain its gains, highlighting a mixed response from the crypto market. Some traders attributed this lack of momentum to the broader context of macroeconomic uncertainty, including inflationary pressures and geopolitical risks. The S&P 500 also suffered a setback, with major indices erasing earlier gains as the disappointing jobs report reinforced fears of a prolonged economic slowdown [6].

Gold, in contrast, emerged as a preferred safe-haven asset, hitting record highs above $3,650 per ounce in response to the weaker dollar and increased rate-cut expectations. The divergence in performance between Bitcoin and gold has drawn attention from analysts, with some noting that Bitcoin’s recent behavior has become more closely aligned with equities than traditional safe-haven assets. This trend raises questions about Bitcoin’s role in diversified portfolios, particularly as correlations between risk assets rise amid a shifting macroeconomic landscape [2].

Market participants are now closely monitoring key technical levels for Bitcoin, including the 200-period simple and exponential moving averages on four-hour charts, which have historically acted as significant resistance. A successful breakout above $113,400 could open the door to higher targets, but bears remain cautious, with some predicting a retest of $100,000 support if the current rally falters. The debate over Bitcoin’s near-term trajectory reflects broader uncertainty about whether the crypto market is entering a new bullish phase or preparing for a deeper correction [1].

Institutional flows have also played a role in shaping market sentiment. Major Bitcoin holders, including MicroStrategy and Japanese firm Metaplanet, have continued to accumulate BTC, signaling confidence in its long-term value proposition as a hedge against rising U.S. debt. Additionally, political developments, including Donald Trump’s advocacy for crypto-friendly policies and the potential launch of a Nasdaq-listed Bitcoin accumulation platform, have added to the bullish narrative. However, these developments have not yet translated into consistent price action, leaving traders divided between those who see a continuation of the current cycle and those who anticipate a more volatile path ahead [2].

Source: [1] Bitcoin price ignores major US payrolls miss to erase $113.4K surge (https://cointelegraph.com/news/bitcoin-price-ignores-major-us-payrolls-miss-erase-113-4k-surge) [2] Bitcoin Price Forecast Near $112K as BTC-USD Faces Wild Moves (https://www.tradingnews.com/news/bitcoin-price-forecast-near-112k-usd-as-market-braces-for-wild-moves) [3] Bitcoin Unlikely To Reach Price Peak In Q4 2025: Analyst (https://cointelegraph.com/news/bitcoin-price-top-2025-debate-continues-halving-cycle-analyst) [4] Crypto Bull Run: Probability Of Fed Rate Cuts In September Near 100% (https://www.mitrade.com/insights/news/live-news/article-3-1101453-20250906) [5] Euro moves in a positive zone before US jobs data (https://www.economies.com/forex/eur-usd-news/euro-moves-in-a-positive-zone-before-us-jobs-data-47270) [6] Wall Street takes a blow after disappointing US jobs data (https://www.euronews.com/business/2025/09/05/wall-street-takes-a-blow-after-disappointing-us-jobs-data)