IBIT is trading at $44.89, down 3.15%, amid profit-taking and cautious positioning ahead of the September 4 U.S. employment report.
- Bitcoin gained 5.85% on September 3.
- The report could reshape Federal Reserve rate expectations; markets expected approximately 56,000 payroll additions and unemployment near 4.2%.
- Escalating Iran-related tensions and higher oil prices are adding risk-off pressure, consistent with Bitcoin’s sensitivity to rates and risk sentiment.