Bitcoin, ethereum open into rate-hike risk after August jobs print
Friday's August jobs report lifted Fed rate-hike expectations heading into this week, and $BTC and $ETH each opened higher Monday before giving back ground by mid-morning. Bitcoin (BTC-USD) started at $80,351.40 on…
Key takeaways
- Bitcoin opened at $80,351.40 on September 7, 2026, up 0.7% from Sunday, and fell to $79,349.91 by 9:41 a.m. ET.
- Ethereum opened at $2,514.80, a 1.4% Sunday gain and its strongest open since August 22, before easing to $2,497.60 at the same timestamp.
- Friday's August jobs report lifted Fed rate-hike expectations ahead of the Fed's two-day meeting later this month.
- Fifth Third Commercial Bank chief economist Bill Adams called the upcoming rate decision "finely balanced" and said August CPI and PPI data could swing it between a hike and a hold.
- The August CPI report is the next key number for BTC and ETH, arriving before the Fed meeting later this month.
Friday's August jobs report lifted Fed rate-hike expectations heading into this week, and $BTC and $ETH each opened higher Monday before giving back ground by mid-morning. Bitcoin (BTC-USD) started at $80,351.40 on September 7, 2026, up 0.7% from Sunday but below Friday's open, and was trading at $79,349.91 by 9:41 a.m. ET. Ethereum (ETH-USD) opened at $2,514.80, a 1.4% Sunday gain and its strongest open since August 22, before easing to $2,497.60 at the same timestamp.
The jobs print, described in market notes as "bombastic," drew attention toward the Fed's two-day meeting later this month. Bill Adams, chief economist at Fifth Third Commercial Bank, wrote that the report "squarely focuses attention on inflation at the next meeting" and called the rate decision ahead "finely balanced."
Adams pointed to the August CPI and PPI releases as having "the power to swing it between a hike and a hold." Those prints arrive before the Fed convenes and carry the clearest remaining signal for rate-sensitive assets.
On a longer timeframe, both assets show gains from one month ago that dwarf Monday's session moves. Bitcoin's open stood 25% above one month ago and 3.4% above last week, though 27.1% below the year-ago level. Its all-time high was $126,198.07, reached October 6, 2025. Ethereum opened 32.2% above one month ago and 4% above last week, sitting 41.2% below its year-ago open, with an all-time high of $4,953.73 set August 24, 2025.
The August CPI report is the next number for $BTC and $ETH, landing before the Fed meeting later this month.