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Crypto

Crypto Week: Labor Data Meets Digital Ruble Rollout

Guavy AI Editorial Team
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BTC MEW
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A high-stakes week for crypto markets is ahead, driven by US labor data and Russia's digital ruble launch. The August jobs report on Friday will influence expectations for a September Federal Reserve rate hike and impact Bitcoin.

Russia begins the first large-scale digital ruble rollout phase on September 1, while consultation closes on a proposed framework for ruble-denominated stablecoins. This pairing tests how state-backed money and private crypto instruments may coexist.

Bitcoin remains below resistance above $80,000 due to geopolitical tension and positioning. Large holders accumulated about 60,000 BTC during August despite selling by smaller wallets.

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