Live updates: Bitcoin flat at $64,300 before US jobs report, with oil back as a headwind
Brent climbed on stalled Hormuz talks, reviving the inflation worry that has capped bitcoin all summer. Today's US payrolls print is the next catalyst.
Bitcoin miners transferred 200 BTC to exchanges, while Riot Platforms moved 381 BTC to NYDIG custody, according to Lookonchain. MetaMask introduced its Agent Wallet, enabling users to automate trades and monitor markets using AI agents. Meanwhile, metals like gold and silver are surging due to the AI slowdown, with gold gaining 1% and silver trading above $64 an ounce.
The yield on the U.S. 10-year Treasury note reached 4.73%, raising concerns about the impact on risk assets. Hardening bond yields often create a headwind for stocks and cryptocurrencies, with SK Hynix investing 54 trillion won to expand its chipmaking facilities in South Korea to meet growing demand for memory in the AI era. Meanwhile, oil prices rose 1.4% to $83.61 following news that Iran may restrict US and Israeli ships through the Strait of Hormuz, complicating the deal that had been supporting falling oil prices.
The upcoming US jobs report is the key factor, as a soft print could revive the case for the Fed to loosen monetary policy, potentially benefiting Bitcoin if oil prices remain high.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
