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Bitcoin edges above $86K after weak US jobs data dims Fed rate hike bets

Market News
05 Oct 2026
Coindesk
View Source
Bullish
Bitcoin edges above $86K after weak US jobs data dims Fed rate hike bets

Bitcoin rose 1% to just above $86,000 following a weaker-than-expected US jobs report, which showed only 29,000 jobs added in September versus the anticipated 84,000. The report also revealed a rise in unemployment to 4.2% and slower wage growth, suggesting the Federal Reserve may pause rate hikes in October. Despite this, long-term borrowing costs remain high, with the 10-year Treasury yield at 5.25%. Market watchers say Bitcoin needs to surpass $87,200 to confirm its next upward move, while minutes from the Fed's last meeting are expected Wednesday.

As of Oct 05, 2026 18:04 WIB, Bitcoin trades at Rp1.537.640.544 on Pluang, up 1.08% in the last day, contrasting with Binance Coin's more modest 0.11% gain at Rp14.114.412. Bitcoin's market cap vastly exceeds BNB's, standing at Rp31.000,88T versus Rp1.879,76T, highlighting Bitcoin's dominant position despite both assets showing positive momentum. The strong buy interest in Bitcoin, with 84% of orders on Pluang favoring purchases, aligns with the recent price rise amid speculation on Federal Reserve policy moves.

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