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US jobs growth slows sharply, easing Fed rate hike odds and boosting Bitcoin near $86K.

Market News
02 Oct 2026
Decrypt
View Source
Bullish
US jobs growth slows sharply, easing Fed rate hike odds and boosting Bitcoin near $86K.

The US added only 29,000 jobs in September, far below the expected 84,000, causing the odds of a Federal Reserve rate hike in October to drop from 70% to about 14%. This weaker jobs report reduced pressure on the Fed to raise rates, which generally benefits risk assets like Bitcoin. Following the news, Bitcoin rose to around $86,152, close to its September high of $87,354, with technical indicators showing a strong uptrend but nearing overbought levels. Investors will watch for a breakout above $87,354 and the Fed's October 28 meeting for further direction.

Bitcoin is trading at Rp1.523.788.600 on Pluang as of Oct 02, 2026 23:52 WIB, showing a modest 0.82% increase in the last day. The platform records a market cap of Rp30.686,4 trillion and a 24-hour trading volume of Rp757,2 trillion. Buy orders currently dominate at 59%, with typical investors holding Bitcoin for about 110 days, reflecting steady interest despite recent macroeconomic shifts.

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