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Bitcoin nears $87,500 as weak US jobs data boosts hopes Fed will pause rate hikes in October

Market News
02 Oct 2026
Crypto news
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Bullish
Bitcoin nears $87,500 as weak US jobs data boosts hopes Fed will pause rate hikes in October

US nonfarm payrolls rose by only 29,000 in September, far below expectations, and unemployment edged up to 4.2%. This weak jobs report has increased market expectations that the Federal Reserve may hold interest rates steady at its October meeting, easing macro pressure on Bitcoin. Bitcoin rebounded from around $83,000 to near $86,000 after the report, with $87,000 to $87,500 as a key resistance zone. Continued demand from spot Bitcoin ETFs and Treasury yield movements will influence whether Bitcoin can sustain gains and potentially target $95,000. The next major US economic data to watch is the September CPI report on October 14, which will further impact Fed policy outlook and Bitcoin's price trajectory.

US payrolls data showed a modest increase of just 29,000 jobs in September, providing context for Bitcoin's recent price movements. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 02, 2026 20:45 WIB: out of 50 major cryptocurrencies tradable on Pluang, 40 rose and 8 fell today. Notable movers include AXS up 11.13% at Rp22.651 with a typical hold time of 62 days and a Pluang order activity of 62% Sell / 38% Buy, EOS up 8.13% at Rp12.649 with a typical hold time of 87 days, and YFI up 5.59% at Rp46.157.831 with a typical hold time of 93 days and a Pluang order activity of 94% Sell / 6% Buy.

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