In brief
- Bitcoin hovered near $108,000 and Ethereum traded around $3,750, extending cautious positioning ahead of Friday’s U.S. employment report.
- Bessent said high rates “may have driven” parts of the economy into recession, fuelling debate over whether future cuts would signal strength or stress.
- On-chain data shows Bitcoin stuck below a key $113,000 cost-basis level.
Crypto edged lower on Sunday as traders positioned ahead of U.S. jobs data due later this week and digested comments from Treasury Secretary Scott Bessent suggesting that high interest rates are beginning to strain parts of the economy.
Bitcoin traded around $108,000, down roughly 1.7% over the past 24 hours, while Ethereum slipped about 3.5% to near $3,750,…
Nov 03 2025
