Bitcoin Gains ‘Cleanest Catalyst’ as Bond Yields Drop on Weak US Jobs Data

Bitcoin Gains ‘Cleanest Catalyst’ as Bond Yields Drop on Weak US Jobs Data

Bitcoin (BTC) spiked past $87,000 on Friday as US jobs data missed expectations. Key points: Bitcoin tapped $87,200 but failed to make new multi-month highs as overhead resistance held. September US nonfarm payrolls came in below expectations at 29,000, while the August and July figures were revised lower. Analysts saw further BTC price upside on […]

Bitcoin Price Stuck in 83K–87K Range as Jobs Data Fails to Spark Lasting Rally

TLDR: Bitcoin trades near $84,668, down 1.6% after failing to hold gains near $87,220 on October 3.  Analyst Crypto with Haris sees resistance at 86,000-87,000 and a possible drop toward $62,000. BlackRock’s IBIT bought $195.6 million in one day, while Fidelity ETF clients added $29.28 million.  September payrolls rose only 29,000 versus 90,000 expected, and [...]

Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds - Invest In Crypto News

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Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds

Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter. Softer Jobs Data Put Bitcoin’s $87K Barrier in Focus Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct. […]

Bitcoin Tops $87,000 Intraday Before Closing at $84,510.80

September U.S. payrolls increased by 29,000, and the unemployment rate was 4.2%. An XRPL lending amendment proposes changes to vaults and interest accounting.