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Bitcoin holds $76,000 as Nasdaq futures rebound 1.5% before jobs data

Bitcoin held around $76,000 as Nasdaq 100 futures rebounded 1.5% ahead of U.S. jobs data after a 5.5% selloff. The setup leaves crypto trading alongside a volatile risk market into the employment release.

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The story

Nasdaq 100 futures were up 1.5% on Friday morning after the index fell 5.5% on Thursday, while Bitcoin was holding around $76,000. The move came before the release of U.S. jobs data, making the employment report the next scheduled macro event for both risk assets and rate expectations.

Overnight trading reinforced the cross-asset volatility: Japan's Nikkei and South Korea's Kospi each slumped 6%. The sequence puts the cryptocurrency market in a session dominated by equity-market swings rather than a company-specific development.

The immediate links run through the Nasdaq 100, Bitcoin and the jobs release. A sharp Nasdaq futures rebound followed the previous day's rout, while Bitcoin remained near the level cited in the update; the employment figures will provide the next data point for markets assessing the economic backdrop.

The report describes a live market snapshot, so the quoted futures move and Bitcoin level can change before the jobs figures are published. The overnight losses in Japan and South Korea also show that the rebound in U.S. futures had not erased the broader regional selloff.

The next point to watch is the U.S. jobs-data release on Nov. 6. The Nasdaq 100's response, Bitcoin's ability to hold around $76,000, and the reaction across global equities will determine whether the bounce extends beyond the futures session.

Our read · Fri, Nov 6

Bitcoin held $76,000 as Nasdaq 100 futures rebounded 1.5% before U.S. jobs data.

Why. The immediate setup is a sharp but incomplete risk-market rebound: Nasdaq 100 futures recovered 1.5% after a 5.5% rout, while Bitcoin held around $76,000 and Asian equities remained under pressure. The jobs release on Nov. 6 is the near-term decision point, with the Nasdaq response and Bitcoin's ability to retain that level providing the clearest read on whether the bounce is broadening.

Both cases

The case it holdsThe Nasdaq 100 futures rebound of 1.5% after Thursday's 5.5% decline shows risk appetite can recover quickly ahead of the jobs release.
The case it breaksThe 6% overnight declines in both Japan's Nikkei and South Korea's Kospi show the broader risk-market damage remains unresolved.

What could change this view: A renewed Nasdaq selloff or a sharp adverse reaction to the U.S. jobs data would undermine the rebound and pressure Bitcoin below the cited $76,000 area.

Your side is graded privately against closes after 10 trading days. Research, not advice.

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About this report

Reported by CoinDesk as Live updates: Bitcoin holding $76,000, Nasdaq bounces ahead of U.S. jobs data, . Who answers for this

The only report in this record. Closes are licensed end-of-day data from Databento; the move after a story is its first close against the close before it. How this is decided →

Kept as written · your side, if you take one, is graded privately against licensed closes after 10 trading days · nothing here is advice · How the Wire is made →