Live updates: Bitcoin, gold and tech futures edge higher as markets await U.S. jobs report

The cryptocurrency market witnessed a 1.16% increase, reaching a total value of $2.89 trillion. Institutional optimism and policy progress contributed to this rally, which appears more grounded than purely speculative. Citigroup analyst Alex Saunders raised his base-case Bitcoin forecast to $113,000, citing renewed ETF inflows and positive sentiment.

The SEC proposed a tailored custody framework for investment advisers, addressing a key operational hurdle. These developments signal growing Wall Street validation and clearer oversight pathways, boosting large-player buying interest. Bitcoin's derivatives open interest increased by 6.28%, while liquidations fell by 61.8%. Bitcoin dominance held steady at 58.96%, indicating core assets led the rally.

The Fear & Greed Index is at 68, in the Greed territory. The top-trending narrative is the US Strategic Crypto Reserve, which gained 1.41%. The crypto sector's correlation with traditional risk assets is highlighted, with an 80% correlation with the Russell 2000 ETF. The upcoming US jobs report on October 2 could influence rate expectations and risk appetite in both traditional and digital markets.

Bitcoin faces a sell wall between $85,000 and $86,500 on Binance, with the 365-day moving average near $80,000 providing major support. A drop below $82,000 risks a pullback toward the $80,000 support. Technical analysis suggests a breakout above $85,500 within the next 48 hours would signal a convincing move higher. The market cap is testing the 23.6% Fibonacci retracement level at $2.85 trillion, with resistance near $2.94 trillion. A close above this range could signal a continuation towards $3.03 trillion.