EL7.AI
CryptoMediumUpdated×2•Originally published 2 October 2026•Updated 2 October 2026•
1 min read

Bitcoin Jumps Toward $87,250 Following Weak US Jobs Report

Key Facts

1U.S. employers added only 29,000 jobs in September, significantly missing expectations of 90,000.
2The U.S. unemployment rate rose to 4.2% as wage growth also missed forecasts in September.
3Bitcoin price jumped from above $86,000 to reach $87,250 following the release of the jobs report.

Bitcoin price jumped from above $86,000 to reach $87,250 following the release of the U.S. jobs report for September. According to crypto-economy.com, U.S. employers added only 29,000 jobs during the month, significantly missing the 90,000 positions expected by analysts.

The data further revealed that the U.S. unemployment rate rose to 4.2% as wage growth slowed in September. This labor market weakness has bolstered demand for risk assets, as the figures lead traders to anticipate a less restrictive monetary policy stance from the Federal Reserve in response to the cooling economy.

Latest Updates · 2

  1. Notable·

    Update: The U.S. SEC has proposed new regulatory rules designed to unlock institutional custody for cryptocurrencies. This regulatory move helped Bitcoin reclaim the $87,000 level on October 2, 2026, as market sentiment improved regarding the facilitation of institutional-grade digital asset management.

  2. Notable·

    Update: The weak employment data has effectively eliminated market expectations for a Federal Reserve rate hike in October 2026. This shift in sentiment has further supported Bitcoin's appeal as a risk asset amid the prospect of unchanged borrowing costs.