Bitcoin Price Today: BTC Holds Firm Before The Biggest Week Of The Month

Bitcoin is trading at $79,985, up 0.36% in 24 hours and around 2.5% on the week. That flat number hides a violent five days. BTC touched $82,240 on Friday, its highest level since May, then lost more than 4% in the space of an hour. Everything now hangs on a single inflation print. BTC/USD ChartWhere is the Bitcoin price today? $BTC sits just above $79,900 with a market capitalisation of $1.6 trillion and 24-hour volume near $19.8 billion. The weekly gain of 2.5% makes Bitcoin one of the steadier large caps right now, but the year-to-date figure is still minus 8.6%. That is the frame worth keeping. Bitcoin has recovered roughly 37% from its June low, and it is still deep in the red for 2026. This is a rebound inside a bear market until proven otherwise. Why did the Bitcoin price fall after the jobs report? Thursday set the trap. ADP employment came in at 38,000 against 47,000 expected, rate-hike expectations softened, and BTC broke $80,000 with roughly $93 million of short positions liquidated on the way up. It reclaimed the 200-day EMA for the first time since June. By early Friday in Europe it printed $82,240, a gain of 6.8% in 24 hours. Then the August employment report landed. Nonfarm payrolls rose 162,000 against a consensus near 56,000, close to triple the estimate. Unemployment held at 4.1%, wage growth eased to 3.1% year on year, and June and July were revised higher by a combined 55,000 jobs. $Bitcoin fell from $81,300 to $78,600 within minutes. CME FedWatch odds of a 25 basis point hike in September jumped from 49.4% to 58%. The ten-year Treasury yield sits at 4.73% and the thirty-year is at its highest level since 2007. The logic is simple and it is not going away. Bitcoin pays no yield. When risk-free returns push toward 5%, holding a non-yielding asset costs more. A strong labour market is good news for the economy and bad news for anyone waiting on cheap money. Are Bitcoin ETF inflows still supporting the price? Yes, and this is the strongest argument for the bull case right now. US spot Bitcoin ETFs took in a net $730.8 million on September 3, the largest single day since January, with BlackRock's IBIT accounting for $454 million of it. On the day of the selloff itself the desks bought again: $174.6 million net on September 4, a third straight session of inflows, taking the three-day total to roughly $1.01 billion. The context matters. Spot Bitcoin ETFs have shed a net $4.83 billion across 2026 as a whole. August flipped positive and recovered a meaningful chunk. Institutions are not buying blindly anymore, they are buying weakness and trimming into strength.