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Bitcoin struggles below $87K amid mixed signals from jobs data and steady institutional buying.

Market News
03 Oct 2026
Blockonomi
View Source
Neutral
Bitcoin struggles below $87K amid mixed signals from jobs data and steady institutional buying.

Bitcoin traded near $84,668 on October 3, down 1.6% after failing to hold gains above $87,000. The price remains stuck in a tight range between $83,000 and $87,000, with resistance around $86,000-$87,000 potentially leading to a drop toward $62,000 if broken. Institutional investors like BlackRock and Fidelity continue buying, supporting the price despite sideways trading and rising liquidations. U.S. labor data showing weaker job growth and higher unemployment influenced market sentiment, easing pressure on the Federal Reserve to raise rates further, but other macro factors like Treasury yields and inflation risks still impact Bitcoin's next move.

Bitcoin price remains confined within the $83,000 to $87,000 range as of early October 2026. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 04, 2026 01:21 WIB: out of 50 major cryptocurrencies, 22 rose and 26 fell today. Notable movers include BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days, EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, and YFI (Yearn) up 6.78% at Rp47.988.473 with a typical hold time of 93 days and Pluang order activity showing 82% sell and 18% buy.

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