coverage endedSep 4, 2026, 8:45 PMNet assets in spot bitcoin ETFs crossed $103 billion for the first time, with BlackRock's IBIT accounting for well over half the money.Bitcoin flattens out at $79,500 after quick post-jobs tumbleAfter a busy early morning, market action has slowed down significantly ahead of the three-day weekend in U.S., with bitcoin (BTC) trading around $79,500, down 1.5% over the past 24 hours.U.S. stocks are modestly lower, both the Nasdaq and S&P 500 off 0.3%. The weakest name is Tesla, down 6.5% after what critics say was an underwhelming introduction of its Cybercab on Thursday evening.Crypto-related stocks are mostly lower too, with Strategy (MSTR) down 1.9%, Coinbase (COIN) down 3.8%, and Circle off 1.15%.Neocloud names are posting gains, led by IREN (IREN), up 4.8%, and Bitdeer (BTDR), up 3%.Florida Athletics in partnership with RippleThe athletics program for the University of Florida on Friday announced a multi-year partnership with Ripple, the company behind the XRP token.As part of the deal, the XRP logo will get prominent positioning on the field at Florida’s Ben Hill Griffin Stadium, where the football team plays its home games.'Be Patriots': Trump calls on Fed to cut rates, threatens trade war“Great jobs number just announced, breaking all estimates (except mine!) by double and triple - And you haven’t seen anything yet,” said President Trump on Truth Social.“Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago,” he continued.The president also threatened a trade war: “Lower the rate or I’ll stop trading with countries with which we have a deficit.”“The Fed Board, with its great new leader, must get smart - BE PATRIOTS for a change.”Bitcoin falls below $80,000 as negative correlation with Nasdaq continuesBTCUSD vs Nasdaq Correlation (TradingView)Following the blowout U.S. jobs report, bitcoin fell more than 2% to around $79,000, while the Nasdaq 100 gained 0.5%, extending the divergence between the two assets. Their 20-day rolling correlation currently stands at -0.2.The last time the correlation turned negative was at the end of the fourth quarter of 2025, when bitcoin began retreating from its October all-time high. Before that, it occurred in July 2024, as bitcoin consolidated between $60,000 and $70,000.Read More: U.S. added stronger than expected 162,000 jobs in August as labor market bounced backNorway’s wealth fund eyes $80 billion Treasury reduction as yields hit multi-year highsNorway’s $2.3 trillion soverign wealth fund has proposed cutting its government bond allocation from 70% to 50%, which would reduce its U.S. treasury holdings by about $80 billion. However, the fund would keep its U.S. dollar exposure broadly unchanged. The fund would re-direct cpaital into higher yielding debt such as mortgage-backed securities.The proposal is advisory, Noway’s finance ministry is expected to make reccomendations to parliament in Spring 2027. This comes as U.S. treausury yields hover near multi-year highs, with the 10-year yield just below 4.8%.Michael Saylor is in a frosty mood after jobs numbers“America added 162,000 payroll jobs on a base of 159.1 million — 0.10%. BLS puts the 90% confidence interval on the monthly change at roughly ±122,000,” tweeted Michael Saylor minutes ago. He continued: “Yet trillions in assets reprice because economists guessed 56,000. We have turned statistical noise into monetary policy.”Among those assets repricing is bitcoin, now lower by nearly 3% to $79,300 since the jobs number hit.How big was the August jobs blowout? Really bigAugust’s 162,000 jobs added obviously blew past forecasts for 56,000 (with July and June numbers also revised higher).The extent of the beat is even more impressive considering that the number was also sharply higher than even the highest of 76 Wall Street forecasts, that of Samuel Tombs from Pantheon Macroeconomics, who estimated 125,000 (h/t ZeroHedge).September rate hike expectations have returned to their recent high of 70%. It would appear that only very soft CPI and PPI reports next week will prevent a 25 basis-point Fed rate hike on Sept. 16.August jobs blowout number sends bitcoin tumblingThe U.S. labor market strengthened appreciably in August, giving the growing group of hawks at the Fed more ammunition to hike interest rates at the bank’s policy meeting in less than two weeks.According to the government’s Nonfarm Payrolls report released Friday morning, the U.S. economy added 162,000 jobs last month. That was well above the consensus estimate of 56,000 and followed the addition of 21,000 jobs in July (revised from an originally reported decline of 23,000).The unemployment rate came in at 4.1% versus 4.1% expected and July’s 4.1%.Reaction in markets was swift, with bitcoin tumbling about 2% to below $80,000. The U.S. 10-year Treasury yield jumped 3.3 basis points to 4.80% and the 2-year note added seven basis points to 4.40%. U.S. stock index futures are modestly lower.Will they, or won’t theyFederal Reserve Chairman Kevin Warsh put a September rate hike firmly on the table one week ago today with his hawkish Jackson Hole speech.But Fed Governor Chris Waller (with an assist from FRBNY President John Williams) this week sent markets surging by suggesting a rate hike at the bank’s policy meeting in two weeks was far from a done deal.This morning’s jobs report is another data point in favor of the hawks, but the key figure in the Fed’s decision is likely to be next Friday’s CPI report for August.MarsCoin nears 400% monthly gain ahead of Friday Binance listingBinance will list MarsCoin at 13:00 UTC Friday and attach a seed tag, its label for early-stage tokens the exchange considers higher risk and more volatile than a standard listing.MARSCOIN traded around $0.17, up roughly 64% over 24 hours and close to 400% across the past month, per CoinDesk data. Market capitalization sits near $167 million.The token is a BNB Chain meme coin built to distribute SPCXB, a tokenized asset tracking SpaceX, to holders. Binance already listed MARSCOIN perpetual futures with up to 20x leverage on Sept. 1, and the token added roughly 44% on that news alone.Holders number just under 40,000, a small base for a token carrying futures leverage and a market cap in nine figures. That concentration means a handful of wallets can set the price.Watch the first hour of Binance trading against the PancakeSwap price. A wide gap between the two would show the exchange book filling from a thin supply rather than from holders who bought the run.Markets remain relatively steady ahead of U.S. jobs reportJust hours before the U.S. jobs report, markets remain relatively calm. Bitcoin is little changed at around $81,000, while gold is steady just below $4,500 an ounce. The Invesco QQQ ETF is up 0.5%, while WTI crude oil has fallen 1% to just above $90 a barrel. Meanwhile, the U.S. 10-year Treasury yield remains below 4.8% at 4.764%.AMC jumps 12% as CEO attacks Robinhood’s tokenized stock offeringAMC Entertainment Holdings (AMC) shares climbed 12% in Friday pre-market trading after CEO Adam Aron condemned Robinhood for offering tokenized products tracking the company’s stock without its approval.The tokens provide synthetic exposure to AMC’s share price but no shareholder rights, prompting the cinema operator to instruct outside securities counsel to investigate.Global bond sell-off likely not over yet, Mohamed El-Erian saysThe recent sell-off in government bond markets, which has pushed yields to multi-year highs, has legs, according to renowned economist Mohamed El-Erian.“I don’t see any appetite in the U.S. for immediate fiscal consolidation. So I suspect we will continue to see upward pressures on yields,” he told CNBC’s Carolin Roth at the Ambrosetti Forum in Cernobbio, Italy.The popular narrative about rising yields is that they pose a headwind to non-yielding assets like bitcoin and gold. However, when yields are rising on fiscal concerns and not economic growth, as is the case right now, the same headwind can become a tailwind.In other words, a continued rise in yields may actually bode well for BTC, which is now trading well above $80,000.Privacy tokens surge as bitcoin tops $80,000Bitcoin’s firm move above $80,000 has revived animal spirits in the broader market, helping privacy coins chalk up impressive rallies.In the past 24 hours, dash (DASH) has risen by 17% to $50. The sharp rise makes it the best-performing coin among the top 100 tokens by market value. Zcash (ZEC) is the second-largest gainer, up 16.5%.Other major gainers are LIT, ENA and UNI. Bitcoin, meanwhile, has risen by 3.7%.Wall Street's fear gauge slips to lowest since JanuaryWall Street's fear gauge, the VIX index, has dropped to nearly 14, the lowest since January, according to data source TradingView.The VIX represents the options-based, 30-day implied (or expected) volatility in the S&P 500 over four weeks. A higher VIX means more people are chasing options—a sign that fear is in the air.The latest decline shows little fear among traders, even as rising bond yields signal a worsening fiscal situation in the U.S. and other parts of the world.The August jobs report is due Friday morningOn Friday, at 8:30 ET, the U.S. Bureau of Labor Statistics will publish the nonfarm payrolls report for the month of August. According to consensus estimates, the economy is said to have added 65,000 jobs last month, following a unexpected 23,000 losses in July. However, the unemployment rate is seen rising to 4.2% from 4.1%. The data could influence the Fed rate hike expectations and move the dollar and bitcoin. Bitcoin ETFs pull $731 million in their largest single day since JanuaryU.S. spot bitcoin ETFs took in about $731 million on Thursday, the strongest daily haul since January, according to SoSoValue. That single session is more than three times the size of any day of an 11-day streak in late August.BlackRock's IBIT drew roughly $454 million of it, with Ark and 21Shares' ARKB taking $138 million and Fidelity's FBTC $74 million. Grayscale's two products added a combined $57 million. VanEck's HODL and WisdomTree's BTCW were the only funds to shed money, at $20 million and $5 million.Every fund gained between 5.7% and 5.9% on the day, and total net assets closed at $103.34 billion, now equal to just over 6% of bitcoin's market capitalization. Cumulative net inflows since the January 2024 launches reached $55.44 billion.The day reverses Tuesday's $236 million outflow, when IBIT alone accounted for $201 million of the redemptions. The same fund has now driven both the largest outflow and the largest inflow of the past week.Friday's print is where this gets tested. A second consecutive session above $500 million would mark the first sustained institutional bid since the summer.12345678910