📰 Crypto Report | September 2 Bitcoin tested the $77K level as renewed escalation in US–Iran tensions and an acceleration in global bond selling pushed prices lower. 👇 Key highlights: ▪️ As US–Iran attacks resumed, Brent crude rose above $95 during the day. ▪️ Bitcoin fell below $77K and Ethereum slid below $2,400; approximately $115M in long positions were liquidated within an hour. ▪️ Around $236M net outflows came from US spot $BTC ETFs; about $201M of the outflows were from BlackRock IBIT. ▪️ Meanwhile, $ETH ETFs continued their 12-day positive streak with roughly +$11M in inflows. ▪️ US ADP private-sector employment came in at +38K, below the +47K forecast. ▪️ The Bank of Canada kept its policy rate unchanged at 2.25%, as expected. ▪️ The SEC will hold a 24-hour trading meeting to assess a continuous trading model in US markets and proposed new rules regarding blockchain-based securities recordkeeping. Market focus: the impact of the Iran tensions on oil prices and the US nonfarm employment data due on Friday.
