CryptoMedium•2 October 2026•
1 min read
Bitcoin Surpasses $88,000 Following Weak September US Jobs Report
Key Facts
1Bitcoin price broke above the $88,000 level, gaining nearly 2% over the past 24 hours.
2The September US jobs report showed only 29,000 new jobs added, significantly missing expectations.
3August jobs data was revised downward by 29,000, while the unemployment rate stood at 4.2%.
Bitcoin price broke above the $88,000 level, gaining nearly 2% over the past 24 hours. Cryptopolitan reported that the surge followed the September US jobs report, which showed only 29,000 new jobs added, significantly missing market expectations.
The employment data included a downward revision of August jobs by 29,000, while the unemployment rate remained steady at 4.2%. This economic cooling suggests a potential shift toward more aggressive rate cuts by the Federal Reserve, a macro environment that typically benefits non-yielding assets like Bitcoin.