By Isaac • October 3, 2026 11:14 pm •
Bitcoin got the kind of macro surprise it usually likes: a weak jobs report that made another immediate Federal Reserve rate increase look much less likely.
The largest cryptocurrency jumped through $85,000 after the government reported that the United States added just 29,000 jobs in September. Economists had expected roughly 84,000.
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The prior two months were also revised down by a combined 60,000 jobs, while unemployment edged up to 4.2%.
That was enough to push Bitcoin to about $87,173 during the session, within striking distance of the $87,354 September peak that has capped every recent breakout attempt.
Decrypt’s market breakdown noted that expectations for an October rate hike collapsed after the labor data. The basic trade
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