BTC: why it moved
Generated 9/2/2026, 8:05:58 PM(New York) · Based on a real data snapshot at generation time
TL;DR
Bitcoin is trading around $77,359. It's seen a slight gain in the last 24 hours but a small dip over the past week. Market expectations about future interest rate cuts are shifting, but the overall sentiment remains "greedy."
Recent price action
BTC is currently priced at $77,359. It's up 0.2% in the last 24 hours but down 1.7% over the last 7 days. The perpetual funding rate is 0.0074%, meaning long-position holders are paying a small fee to keep their positions open. The Fear & Greed Index is at 65, indicating a "greedy" market sentiment.
What expectations are shifting
The market's view on future interest rate cuts by the Federal Reserve is changing. The probability of a Fed rate cut by September 2026 has decreased slightly over the last 7 and 30 days, now standing at 1%. Similarly, the chance of the Fed not cutting rates at all in 2026 has increased to 89%. Expectations for Bitcoin to reach $150K by the end of 2026 have also slightly decreased to 3%.
The next big event
The Non-Farm Payrolls report for August 2026 is due in about 1.5 days. Historically, BTC has seen an average volatility of ±1.1% in the 24 hours following this data release, with prices moving up 5 out of the last 14 times. The last report saw BTC drop 0.2% in the following 24 hours.
Risks
Recent news includes a billionaire's take on "hot money" rotation, the Netherlands moving gold reserves for crisis readiness, and discussions about Elon Musk's potential Bitcoin purchases. There's also news of Japan's Remixpoint shifting its treasury to Bitcoin-only. These events could influence market sentiment.