Bitcoin is heading into one of its busiest weeks of the year, with an unexplained 2pm Oval Office announcement on Monday set to be followed by a series of US economic indicators, culminating in the September jobs report.
Nobody outside the White House knows what President Donald Trump will announce. Julia Manchester of The Hill reported the timing on Sunday, but no subject or agenda was given. A Polymarket post about the event had attracted more than 500,000 views in the preceding hours.
Speculation has focused largely on Iran. Trump said on Saturday that he had rejected Tehran’s offer to reopen the Strait of Hormuz. Iran’s seven-day proposal asked the United States to lift its naval blockade, waive oil sanctions and release roughly $12bn in frozen assets. In return, Tehran would reopen the strait and begin final talks.
Oil prices rose by more than 1% when markets reopened on Sunday evening, while Bitcoin fell by about 1.5% to approach $83,000. The move came only hours after Bitcoin recorded its highest weekly close since January, at $84,472.
Tuesday will bring the Job Openings and Labor Turnover Survey (JOLTS) and the Conference Board’s consumer confidence index. Neither report typically has a significant effect on cryptocurrency markets by itself.
The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, is due on Wednesday alongside ADP’s private payrolls figures. Core PCE was last recorded at 3.3% year over year, considerably above the Fed’s 2% target.
The inflation data will receive additional attention after the Fed raised interest rates by 25 basis points to a 3.75%-4% range on 16 September. The decision was unanimous, with a 12-0 vote, and marked the central bank’s first rate increase since July 2023. Its median projection indicates one further rise before the end of the year.
Bond markets are already reflecting those expectations. The 10-year Treasury yield closed at 5.17% on Friday, while the 30-year yield ended at 5.49%, according to Treasury figures. Peter Schiff commented on the figures, while analyst Benjamin Cowen linked the two yields.
The Institute for Supply Management’s manufacturing survey will follow on 1 October, the first day of the fourth quarter. Bitcoin gained about 44% during the third quarter, its second-best Q3 performance on record, giving investors substantial gains to protect as October begins.
The September nonfarm payrolls report is the release trader Martini Guy said he would watch “most closely”. August’s report showed 162,000 jobs were added and unemployment stood at 4.1%.
Bitcoin is also entering the week with support from stronger fund flows. US spot bitcoin exchange-traded funds added roughly $2.4bn last week, according to Scott Melker, their best weekly performance since October 2025.
Bitcoin’s latest weekly close was its first above May’s $82,850 high, although wider macroeconomic pressures continued to weigh on sentiment despite improving inflows. Gold and silver also lost more than $550bn over a three-hour period earlier on Sunday as bond yields and expectations of further rate increases rose.
