Bitcoin Price Falters After Weak U.S. Jobs Report — Weekly Close Below Key Supports, $100K at Risk

COINOTAG reports that the U.S. Bureau of Labor Statistics’ August release showed just 22,000 non-farm payrolls added versus ~75,000 consensus, while the unemployment rate climbed to 4.3%. The softer-than-expected U.S. jobs report pressured the dollar and buoyed gold, amplifying short-term volatility across the crypto market, notably Bitcoin.

Technically, BTC exhibits a weekly downtrend with multiple closes beneath key supports; short-term moving averages are sloping lower and the MACD displays a bearish crossover. If Bitcoin cannot hold the $100,000 psychological threshold, traders should monitor support near $96,000–$98,000, with a further test toward $93,000 possible amid elevated intraday volatility.

In this macro-sensitive backdrop, prudent asset allocation is critical. BiyaPay underscores the importance of flexibility and highlights its multi-asset trading wallet—covering global remittances, cryptocurrency trading, and U.S.–Hong Kong equity access—to help investors navigate turbulent markets.