Bitcoin rises above $86,000 as traders price out October Fed hike after weak jobs report
Bitcoin climbed 1% to just over $86,000 early Monday, as a weaker-than-expected September U.S. jobs report led traders to abandon bets on a Federal Reserve rate hike in October. The report showed U.S. employers added only 29,000 jobs in September, significantly below the 84,000 expected, with unemployment rising to 4.2% and wage growth slowing to 3% year-on-year. DOGE led major altcoins with over 3% gains, while HYPE rose nearly 3% to about $93. Ether and XRP gained up to 1%, though SOL, BNB, and ZEC each slipped less than 1%. The 10-year Treasury yield remained at 5.25%, with FOMC minutes due Wednesday.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
GFTS Token Analysis: Community Meme Asset and Potential Risks in the Solana Ecosystem
-
2
Ripple is heavily promoting XRP in college sports through multiple partnerships, including prominent advertisements at the University of Kansas football stadium.
-
3
AIOZ Network: Web3 Decentralized Infrastructure and AI Streaming Analysis
-
4
XNK Coin Analysis: Value and Investment Considerations for Kinka (Gold-Backed) and Ink Protocol (Decentralized Credit)
-
5
Musk reposted a tweet stating that Starlink can stream 5 college football games simultaneously on commercial flights.
-
6
Bitcoin Value Deep Dive: Is It Worth Long-Term Investment?
-
7
Cryptocurrency Information Platforms and Software Download Guide: Secure Access to Industry News and Trading Tools
-
8
George Long, founder of LIM Advisors: The company has been established for 30 years, and holds a cautiously optimistic view on Asian markets, precious metals, and Chinese equities.
-
9
Bitcoin (BTC): Latest Updates and Market Analysis of Digital Gold
-
10
Regulatory Landscape and Exchange Policies for Virtual Currencies in Mainland China
Markets Today
Recommended Reading









