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Bitcoin nears $85,000 as weak US jobs report boosts hopes for Fed rate pause in October

Market News
05 Oct 2026
Crypto news
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Neutral
Bitcoin nears $85,000 as weak US jobs report boosts hopes for Fed rate pause in October

Bitcoin started October near $85,360 after a weak U.S. jobs report showing only 29,000 new payrolls in September raised hopes that the Federal Reserve will pause interest rate hikes at its October 27-28 meeting. The market reaction pushed Bitcoin briefly above $87,000, but sustained gains depend on upcoming inflation data and continued investor demand. Key events to watch include the October 14 CPI, October 29 PCE inflation report, and the Fed's decision, which will influence whether Bitcoin can reclaim $90,000 and possibly reach $95,000 to $100,000, or if it will fall back toward $76,000 to $80,000. ETF fund flows and macroeconomic signals will be critical in determining Bitcoin's path this month.

Bitcoin price prediction for October is the subject, with Pluang market data providing context. Of 50 major cryptocurrencies priced on Pluang, 32 rose and 17 fell today. Notable movers include ATOM at Rp31.540 (+3.31%), DOGE at Rp1.711 (+3.07%), and ONE at Rp43 (-3.29%). This snapshot is as of Oct 05, 2026 13:02 WIB.

More News

Bitcoin ETF inflows fluctuate but overall positive as BTC rallies past $86K over weekend

Bitcoin ETF inflows fluctuate but overall positive as BTC rallies past $86K over weekend

US Bitcoin ETFs saw volatile flows last week, starting with net inflows early in the week before a large outflow on Sept. 30, mainly from Fidelity's FBTC. Demand rebounded on Oct. 1, led by BlackRock's IBIT, offsetting earlier withdrawals. Bitcoin's ...

Market News
Bullish
4 hours ago
About 12% of countries hold Bitcoin, with 5% of the global population owning it, says analyst Willy Woo.

About 12% of countries hold Bitcoin, with 5% of the global population owning it, says analyst Willy Woo.

Bitcoin analyst Willy Woo estimates that roughly 8% of countries have policies to buy or hold Bitcoin, while about 12% actually hold the cryptocurrency. Additionally, he estimates that around 5% of the world's population owns Bitcoin. Woo differentia...

Market News
Neutral
4 hours ago
Bitcoin nears critical $87,200 resistance, key for potential breakout or consolidation.

Bitcoin nears critical $87,200 resistance, key for potential breakout or consolidation.

Bitcoin is approaching a crucial resistance level at $87,200, which has repeatedly blocked its advance in recent weeks. This level aligns with previous local highs and is seen as a make-or-break point for a potential breakout or further consolidation...

Technical Signals
Neutral
4 hours ago
Ether trades near $2,700 with resistance at $2,770-$2,800, key support at $2,640 and $2,360-$2,420.

Ether trades near $2,700 with resistance at $2,770-$2,800, key support at $2,640 and $2,360-$2,420.

Ether (ETH) is trading around $2,700 within a supply zone of $2,680 to $2,770, showing selling pressure as indicated by upper wicks on daily candles. It remains above an ascending trendline and two moving averages, with a potential breakout if it clo...

Technical Signals
Neutral
4 hours ago
Zcash activates NU7 upgrade on testnet, testing faster 25-second blocks and new fee system before Nov. 5 mainnet launch.

Zcash activates NU7 upgrade on testnet, testing faster 25-second blocks and new fee system before Nov. 5 mainnet launch.

Zcash has activated its NU7 network upgrade on the testnet as of October 4, initiating live testing of faster 25-second block intervals and a new Network Sustainability Mechanism that reallocates part of transaction fees to future block rewards. This...

Protocol Fundamentals
Bullish
4 hours ago
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