Bitcoin above $86,000 as traders price out an October Fed hike
Traders cut odds of an October Federal Reserve hike to 17% after U.S. employers added just 29,000 jobs, CME FedWatch said.
- Bitcoin rose 1% to just above $86,000 on Monday, October 5, 2026, after a weak U.S. jobs report pushed traders to drop bets on an October Federal Reserve rate hike.
- Just 29,000 jobs were added by U.S. employers in September, trailing the 12-month average of 45,000 and falling short of the 84,000 expected by economists.
- The cryptocurrency traded near $84,500 through Saturday before a late-Sunday rally carried it back above $86,000, recovering to around $86,250 early Monday.
- CME's FedWatch tool put the odds of a quarter-point increase at 17%, down from close to 36% a week earlier, reflecting trader sentiment shift.
- "Acceptance above $87,200 remains necessary to confirm the next leg," QCP Capital said, as traders still expect one more move this year with December hike odds above 75%.
28 Articles
28 Articles
Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets
Bitcoin traded near $86,000 on Monday after weaker US jobs data sharply reduced expectations of an October Fed rate hike. Analysts said the softer macro backdrop, improving institutional demand and ETF inflows could support prices, though elevated Treasury yields and oil above $100 may continue to weigh on risk appetite.
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 […]
The most popular cryptocurrency, Bitcoin (BTC), once again approached the $87,000 mark on Monday, but failed to break through. BTC's growth is supported by weaker US labor market data, but is limited by high bond yields and the upcoming US congressional elections.
Weak headline payroll growth masks improving momentum in cyclical employment – The Daily Shot
The Daily Shot: 05-Oct-26 • United States • Canada • United Kingdom • Euro Area • Europe • Japan • Asia-Pacific • China • India • Emerging Markets • Equities • Rates • Credit • Commodities • Energy • Global Developments • Food for Thought United States 1. Nonfarm payroll growth slowed sharply to … Continue reading "Weak headline payroll growth masks improving momentum in cyclical employment"
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