Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin nears $87K as weak US jobs data boosts hopes Fed will pause rate hikes

Market News
04 Oct 2026
Coinpaper
View Source
Bullish
Bitcoin nears $87K as weak US jobs data boosts hopes Fed will pause rate hikes

Bitcoin rose toward $87,000 following a weaker-than-expected US jobs report showing only 29,000 new jobs in September and a slight rise in unemployment to 4.2%. This data lowered expectations for another Federal Reserve rate hike at the upcoming October meeting, with futures markets cutting the odds of a hike from 66% to 22%. The softer labor market, combined with easing inflation and dovish Fed comments, supports risk assets like Bitcoin. However, Bitcoin faces technical resistance near $87,000, which it must break to target $90,000. Institutional demand, including $6.34 billion inflows into US spot Bitcoin ETFs in Q3, also underpins the rally.

Bitcoin trades at Rp1.523.497.675 on Pluang as of Oct 04, 2026 23:03 WIB, showing a 0.47% gain in the past day. The market cap stands at Rp30.655,61 trillion with a 24-hour volume of Rp224,64 trillion. Pluang users currently show a 56% sell and 44% buy order split, holding Bitcoin for an average of 110 days.

More News (BTC)

Bitcoin hovers near $85k amid rising U.S. yields, facing risk of pullback despite growing demand.

Bitcoin hovers near $85k amid rising U.S. yields, facing risk of pullback despite growing demand.

Bitcoin has been consolidating around $85,000 for over five weeks, showing a potential breakout setup. However, rising U.S. Treasury yields and mortgage rates, signaling higher inflation expectations, pose a challenge to Bitcoin's price momentum. Whi...

Market News
Neutral
11 hours ago
Bitcoin Cash rises 1.59% amid Bitcoin crash fears linked to Fed policy and yield pressures.

Bitcoin Cash rises 1.59% amid Bitcoin crash fears linked to Fed policy and yield pressures.

Bitcoin Cash gained 1.59% to $317.75, outperforming Bitcoin amid circulating warnings of a potential crash linked to Federal Reserve policy and rising Treasury yields. The crash warning connects possible market turmoil to tightening liquidity and com...

Market News
Neutral
18 hours ago
US spot Bitcoin ETFs see $82.9M net inflows, led by BlackRock's IBIT with $292M

US spot Bitcoin ETFs see $82.9M net inflows, led by BlackRock's IBIT with $292M

US spot Bitcoin exchange-traded funds (ETFs) recorded a combined net inflow of $82.9 million last week. BlackRock's IBIT led the inflows with $292 million, followed by ARK 21Shares' ARKB with $25.5 million and Grayscale's Bitcoin Mini Trust with $24....

Market News
Neutral
18 hours ago
Kiyosaki views Bitcoin, gold, and oil as key financial safeguards against economic instability.

Kiyosaki views Bitcoin, gold, and oil as key financial safeguards against economic instability.

Robert Kiyosaki, author of Rich Dad Poor Dad, advocates owning Bitcoin, gold, silver, and oil wells as part of a broader strategy to protect wealth from economic disruption and inflation. He likens financial preparedness to carrying insurance, emphas...

Market News
Bullish
18 hours ago
Stablecoin liquidity rises above $310B, boosting Bitcoin demand outlook for Q4.

Stablecoin liquidity rises above $310B, boosting Bitcoin demand outlook for Q4.

The stablecoin market cap has surpassed $310 billion, adding over $1 billion in liquidity in just 72 hours, signaling strong growth heading into Q4. Tether is reintroducing USDT on the Bitcoin network, while Circle is launching cirBTC, a wrapped BTC ...

Market News
Bullish
20 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App