Bitcoin briefly tops $86,885 ahead of U.S. jobs report
Bitcoin briefly topped $86,885 on Friday before easing to around $86,000, up about 1.5% on the day and roughly 3% in October. Traders are awaiting the U.S. September jobs report, which is expected to show nonfarm payrolls increased by 90,000, with the unemployment rate holding at 4.1%. The cryptocurrency's advance comes despite a surge in U.S. 10-year Treasury yields to a multi-decade high of 5.34% and the U.S. Dollar Index (DXY) reaching an 18-month high above 102. Meanwhile, concerns over France's public finances have pushed the euro to $1.12, its lowest since May 2025, with the gap between French and German 10-year bond yields widening to a 14-year high.
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