Bitcoin consolidates around $77,000 as investors assess US interest-rate outlook

Bitcoin consolidated around the $77,000 mark on Thursday as investors balanced improving global risk sentiment against persistent uncertainty around US interest rates. The cryptocurrency was trading at the $77,863 mark.

In the past 24 hours, Bitcoin was up 1.08% and Ethereum was up 0.14% to trade at the $2,404 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained up to 6.50%.

Vikram Subburaj, CEO of Giottus, said the market remains in consolidation and the latest on-chain picture is mixed. Bitcoin's August rally stalled below substantial long-term-holder supply between $83,000 and $86,000.

Attention now turns to Friday's US employment report, where economists expect around 56,000 new jobs, with unemployment at 4.1%, Subburaj further said.

The global

went up 0.59% to $2.63 trillion, according to CoinMarketCap. The crypto fear and greed index is at 63, which suggests the market sentiment remains greedy, said the CoinDCX Research Team.

Avinash Shekhar, Co-Founder & CEO, Pi42, said Bitcoin is attempting to establish a firmer base around the $77,700 level, while Ethereum, near $2,400, continues to track the broader market direction.