According to the source, BTC briefly moved back above 91,000 dollars as market participants positioned ahead of the next Federal Reserve policy decision and upcoming U.S. jobs data releases that can shift rate expectations and liquidity conditions, driving near-term volatility in crypto markets (source: the source). The Federal Reserve sets the federal funds rate at scheduled FOMC meetings, and the Bureau of Labor Statistics publishes the monthly Employment Situation Summary including Nonfarm Payrolls and the unemployment rate, both closely monitored by traders for macro direction (source: Federal Reserve; Bureau of Labor Statistics). Traders commonly track CME FedWatch Tool probabilities, Treasury yield moves, and options implied volatility on CME Bitcoin futures to manage risk into these events, as these gauges reflect shifting policy expectations and market hedging demand (source: CME Group; U.S. Department of the Treasury).

According to Reuters Business, the ongoing U.S. government shutdown has lasted longer than any previous episode, breaking precedent (Reuters Business). Reuters Business reports that for the second consecutive month, official jobs data has not been released (Reuters Business). Reuters Business states that the absence of these releases makes it hard to know what is happening in the labor market, limiting visibility for trading decisions that depend on labor indicators (Reuters Business).

According to @business, US Treasuries ended the week essentially flat as bulls and bears fought to a draw, with conflicting private-sector labor data leaving expectations for a December Federal Reserve rate cut in limbo (source: Bloomberg). The absence of a clear policy signal kept the rates outlook uncertain, offering no fresh directional cue for rate-sensitive risk assets, including BTC and ETH (source: Bloomberg).