Bitcoin Reclaims $87K Following Shocking US Jobs Data

Bitcoin Price Taps $87K as SEC Moves to Unlock Institutional Custody

Driven by weak U.S. employment data and a major SEC regulatory proposal, bitcoin briefly reclaimed $87,000 for the first time since Sept. 23. Back near $85,000 as of this writing, bitcoin remains up over the last day. Bitcoin Reclaims $87,000 Amid Weak Labor Data In price action likely to fuel “Uptober” sentiment, the price of […]

Bitcoin Jumps Toward $87K After Weak US Jobs Report

TL;DR U.S. employers added only 29,000 jobs in September versus expectations for 90,000, while unemployment rose to 4.2% and wage growth also missed forecasts. Bitcoin jumped from above $86,000 toward $87,250 after the release, as traders interpreted softer labor conditions as supportive for risk assets and less restrictive policy. Prediction markets put the probability of ...

Bitcoin Tags $87,200 as Weak Jobs Data Pulls Treasury Yields Lower

Bitcoin briefly cleared $87,000 after a soft September payroll report pushed Treasury yields lower, but nearby resistance still leaves the breakout unfinished.

Bitcoin Price Surges Above $87,000 On Jobs Data

The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that unemployment in the U.S. had ticked up.  Bitcoin’s price recently stood at $85,990 after a 2% jump over a 24-hour period. Over the past week, it has also risen by more than 2%.  Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, Bureau of Labor Statistic…

Bitcoin Reclaims $87K Following Shocking US Jobs Data

Bitcoin surged back above $87,000 after a shockingly weak U.S. jobs report showed just 29,000 positions added in September.