Bitcoin rose 2.15% to $118,700, buoyed by weak U.S. employment data and a looming government shutdown, which have increased the likelihood of a Federal Reserve rate cut. The probability of a 25-basis-point cut this month has surged to 91%, according to market traders. The CoinDesk 20 index also gained 2.33%, with derivatives open interest reaching $216 billion. Spot crypto ETFs experienced a weekly inflow of $2.3 billion. Analysts highlighted Bitcoin's technical pattern indicating a consolidation phase, though some cautioned about potential structural risks in institutional adoption strategies.