Bitcoin is trading at $77,755.77, up 1.1% over 24 hours, as the broader crypto market cap sits at $2.7 trillion, roughly flat on the day with $73.5 billion in trading volume. Bitcoin’s share of the total crypto market has grown to 59.7%, its highest recent level, as BTC continues outpacing altcoins in overall market weight. Ethereum dominance sits at 11.2%, while the remaining assets across the market make up 29.1% of total capitalization.

Weak Labor Data Adds to Rate Cut Bets

Private payrolls rose by just 38,000 in August, according to ADP data, below the 47,000 forecast and down from July’s 46,000 reading. The softer print has strengthened the case for a Federal Reserve rate cut, a scenario that would typically support stocks and…