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Bitcoin Holds Steady Near $79,835 Amid Jobs Report and Fed Rate Hike Odds

Guavy AI Editorial Team
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BTC ZEC
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Bitcoin's price held steady near USD 79,835.40 in a relatively narrow trading band over the past 24 hours, according to CoinGecko data.

Total crypto market capitalization stayed close to USD 2.7 trillion for another session.

Zcash again outperformed the broader market, rising past USD 1,200 on continued ETF-driven demand.

The jobs report from August more than doubled forecasts, pushing traders to reprice Fed rate hike odds higher, which trimmed part of the rally that had briefly lifted Bitcoin above USD 82,000.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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