BTC Corrects to $79,000 After U.S. Jobs Surprise, CPI in Focus This Week
A stronger-than-expected U.S. jobs report pushed Bitcoin down to $79,300 as the market turned its attention to August CPI data ahead of the September FOMC meeting.
A stronger-than-expected U.S. jobs report pushed Bitcoin down to $79,300 as the market turned its attention to August CPI data ahead of the September FOMC meeting.
Bitcoin’s 30-day Realized Cap growth rate has turned positive after 87 days in negative territory, suggesting a possible recovery in capital inflows. Axel Adler Jr. said continued growth in both metrics would be needed for the recovery to persist.
Approximately 4,000 BTC, worth about $320 million, was withdrawn from Liquid Network’s federation wallet, prompting the network to suspend new transactions. Liquid said the party responsible claims to be a “white hat,” while noting that this has not been confirmed.
Senator Cynthia Lummis warned that if the CLARITY Act is not passed in the current Congress, the next realistic opportunity to advance digital-asset market-structure legislation may not come until 2030.
MENA’s annual on-chain cryptocurrency transaction volume rose from about $100 billion in 2022 to approximately $350 billion in 2025–2026. Saudi Arabia posted the highest growth rate at 154%, followed by Qatar at 120%.
A UK investor recovered bitcoin believed lost after Intersango closed in 2012. An investment worth about $2,000 at the time is now valued at approximately $4.5 million.
House Financial Services Committee Chairman French Hill said the CLARITY Act could pass Congress before the November midterm elections. He said lawmakers in the Senate have spent the past year working across party lines to narrow differences and reach an agreement.
CoinShares said Bitcoin’s sustained move above $80,000 may depend on easing geopolitical tensions or further weakening confidence in U.S. Treasuries. It identified August U.S. inflation data and the Federal Reserve’s September meeting as key short-term variables.
The National Sheriffs’ Association has withdrawn its opposition to the CLARITY Act and adopted a neutral position. It cited the bill’s complexity and important details still under review.