Bitcoin Holds Steady at USD 84,212.72 as Traders Await Payrolls Report

Bitcoin's price held steady at USD 84,212.72 on Thursday, October 1, with a 0.9% gain over the past 24 hours. The global crypto market remained stable as traders waited for Friday's US payrolls report and fresh Fed signals. Softer August PCE data cut October rate-hike odds, but elevated Treasury yields capped the rally. Ethereum traded near USD 2,713, while XRP and Solana held steady above USD 1.50 and USD 119. According to CoinSwitch, Bitcoin's structure stayed constructive above its 50-, 100- and 200-day averages, though elevated yields weighed on risk appetite. Prateek Gupta, Head of Business at Mudrex, noted that whales added over 41,000 BTC in 10 days, with speculative futures demand falling 90% in two weeks. Vikram Subburaj, CEO of Giottus, urged investors to avoid chasing sharp moves and watch the USD 82,000 to USD 82,500 support zone. The jobs data on Friday could trigger fresh volatility, with Bitcoin's support at USD 82,500 to USD 83,000 and resistance at USD 84,800 to USD 85,800. The top 12 coins showed Hyperliquid leading the pack with a 3.5% gain, followed by Dogecoin at 2.5% and Zcash at 2.4%. Zcash also posted the strongest weekly move at 4.4%, ahead of Solana at 3.7% and Hyperliquid at 3.3%. The biggest gainer among the top 12 coins was Hyperliquid, while Solana lagged with a 0.2% daily gain. The crypto market remains cautious, with investors urged to follow Friday's payrolls data, Treasury yields, and daily ETF flows closely before adding fresh exposure. Staggered entries and smaller position sizes suit a market stuck between USD 83,000 and USD 85,000. The unstaking of 3.75 million HYPE tokens by Hyperliquid Labs for team distribution on October 7 could add to the volatility in the market. The tokens come from an over-the-counter deal, and are not expected to reach open markets or add immediate selling pressure. Traders will watch whether the unlock headline slows the 3.3% weekly climb of HYPE on USD 1.20 billion in volume. Bitcoin's hold near USD 84,200 shows buyers defending the USD 82,500 to USD 83,000 support zone, with resistance at USD 84,800 to USD 85,800. A sustained break above it would reopen higher targets. Investors should follow Friday's payrolls data, Treasury yields, and daily ETF flows closely before adding fresh exposure. Staggered entries and smaller position sizes suit a market stuck between USD 83,000 and USD 85,000.