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Bitcoin dips 1.7% amid weak U.S. jobs data but stays 9% higher monthly, $87K remains key resistance.

Market News
03 Oct 2026
Coinpaper
View Source
Bullish
Bitcoin dips 1.7% amid weak U.S. jobs data but stays 9% higher monthly, $87K remains key resistance.

Bitcoin fell about 1.7% in 24 hours but is still up roughly 9% over the past month, with trading volume rising sharply. The recent pullback follows weak U.S. payroll data showing only 29,000 new jobs in September, signaling a softer labor market after Fed rate hikes. This weaker growth outlook may reduce expectations for further tightening, potentially benefiting Bitcoin, though high Treasury yields limit aggressive easing bets. Bitcoin faces strong resistance around $87,000, a level tested multiple times without a sustained breakout. Institutional demand, especially from U.S. spot Bitcoin ETFs which saw $6.34 billion inflows in Q3, supports the bullish case despite volatile flows and profit-taking risks as holders sit on large gains.

Bitcoin price developments provide context for cryptocurrency market activity on Pluang. For readers following crypto, here is Pluang's market snapshot as of Oct 03, 2026 20:21 WIB: out of 50 major cryptocurrencies, 11 rose and 38 fell today. Notable movers include XLM down 4.94%, DOGE down 4.72%, and ADA down 4.58%, with respective Pluang order activities showing mixed buy-sell interest.

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