The post BTC Price Faces Jobs Test as Tether Eyes Gold Supply Chain: Crypto Daybook Americas appeared on BitcoinEthereumNews.com.

By Omkar Godbole (All times ET unless indicated otherwise) As both traditional and crypto markets await the U.S. nonfarm payrolls data, some unrelated news hit the wires, underscoring gold’s appeal as a universal haven. The Financial Times reported that Tether, the issuer of world’s largest dollar-pegged stablecoin, is considering a serious play in the gold industry. CEO Paolo Ardoino has said the metal is safer than any government currency, calling it a perfect complement to bitcoin. If the report, which cited people familiar with the talks, comes to fruition, it could mean crypto is about to become a bigger part of gold’s reflexive bullish cycle. The precious metal is already soaking up strong bids globally as sticky inflation, fiscal headaches and concerns over central bank independence weigh on investor. Countries are trimming their U.S. Treasury holdings and scooping up gold as a safer, sanctions-proof haven. Tether’s interest could also boost the appeal of Tether Gold XAUT$3,590.30, which is issued by its affiliate company TG Commodities. Each XAUT represents ownership of one fine troy ounce of physical gold and was recently price around $3,560. Meanwhile, the prospects for bitcoin BTC$110,701.59, ether (ETH) and the wider crypto market are likely to be determined by the jobs report. “A weak print will cement expectations for a 25bps rate cut, likely softening the dollar and easing Treasury yields, which will be positive for risk assets, including crypto,” Timothy Misir, head of research at BRN, said in an email. “But the real risk is a strong report: even a modest upside surprise could unwind dovish positioning, send yields higher, and pressure BTC and ETH back toward their support levels.” In other key news, institutional activity points to interest broadening beyond BTC and ETH. DeFi Development Corp. recently bought over 196,000 Solana SOL$203.26 tokens, establishing a…

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Filed under: News - @ September 5, 2025 10:31 pm