Bitcoin Tags $87,200 as Weak Jobs Data Pulls Treasury Yields Lower

By Isaac • October 2, 2026 11:12 am •

Bitcoin briefly pushed above $87,000 on Friday after a surprisingly weak U.S. jobs report gave the crypto market exactly the kind of macro signal it had been waiting for: slower hiring, lower Treasury yields and less pressure for the Federal Reserve to stay hawkish.

The move carried Bitcoin to roughly $87,200 before sellers pulled it back. That left the market with a real improvement in momentum, but not yet a clean escape from the resistance that has capped recent rallies.

Cointelegraph reported that September nonfarm payrolls rose by just 29,000, well below the 84,000 consensus estimate cited in its market coverage. July and August were also revised lower, while unemployment ticked up to 4.2%.

Stocks rallied