Non-farmers set the tone for September: BTC rebounded by 77,000, led by Ripple

According to Woofun AI, the price of Bitcoin has recovered above $77,500, and Ripple is the strongest of all cryptocurrencies.

In the mainstream asset market divergence, Bitcoin traded slightly above $77,600, up about 1.5% in 24 hours, before hitting a low of $76,400 in the evening EST. The price of Ripple rose to $1.36, or nearly 3%; Binance Coin rose nearly 2% to around $692; Solana rose 2% and remained around $100; Tron rose about 1% to about 33 cents; and Hyperliquid's HYPE price remained flat, slightly above $82. In contrast, the price of Ethereum is slightly lower at $2,400, down nearly 4% over the past seven days; Tron is down about 3%; Ripple is down about 3%; Bitcoin is down about 1%; Litecoin is at $817; and only HYPE has achieved weekly gains. Bitfinex analysts pointed out that the average cost of holding a position for each active investor was $76,350, and the price of Bitcoin was supported by buying when it reached around $50, taking up sales orders bought in February and March.

It is worth noting that September is generally a weak month for Bitcoin. The average decline of the currency since 2013 was -2.95%, but since August's upward momentum will continue until September, long-term bullish expectations have not changed.

Traditional financial markets are linked significantly. The military operation near the Strait of Hormuz drove a sharp rise in crude oil prices, and the yield on 10-year US Treasury bonds rose to a slightly higher level of 4.8%, the highest closing value since 2023; the US dollar index (DXY) rose to a slightly lower position of 100 points; the S&P 500 closed at 7,646 points; the Dow Jones index rose by about 277 points; the price of gold remained around $4,418.

Woofun AI on-chain data shows that entities marked for monitoring have placed around 3,700 bitcoins on exchanges, reducing the asset size of spot ETFs by about $236 million; the supply of stablecoins is around $310 billion. Nicola Sandgaard, a senior research analyst at Nansen, believes that the current rebound is not supported by continued spot trading.

The non-farm payrolls data released on Friday will determine the direction of the September market. The downside risk protection range is between $68,000 and $75,000, covering the period until the release of the CPI (Consumer Price Index) at 8:30 a.m. on September 11, 2026; upward risk is reflected in bullish options above the current price range and perpetual contracts with leverage rates far below the August peak. If the ADP employment data released on Wednesday is poor, the possibility that the Federal Reserve will raise interest rates will decrease, and the $80,000 price level will once again become a possible target.