Bitcoin surged above $87,000 following a weaker-than-expected US jobs report showing only 29,000 new jobs added in September, far below forecasts. The unemployment rate rose to 4.2%, and prior months' job gains were revised downward, reinforcing market expectations that the Federal Reserve will likely keep interest rates steady in October. This shift reduced the probability of a rate hike from 64% to 18%, boosting Bitcoin and other risk assets amid hopes for continued liquidity support. Investors now anticipate the Fed's October 28 meeting will maintain rates between 3.75% and 4%.
Bitcoin's rise following weak US jobs data is presented here with Pluang's market snapshot as of Oct 02, 2026 20:45 WIB: out of 50 major cryptocurrencies, 40 rose and 8 fell today. Notable movers include Litecoin (LTC) at Rp1.252.426 with a 4.15% increase and MultiversX (EGLD) at Rp83.677 with a 4.02% increase, while Harmony (ONE) declined by 4.30% to Rp39. The most notable figure is Litecoin's 4.15% gain.
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