Bitcoin at $87K: Weak US Jobs Data Supports BTC, but Resistance Holds
- —September US payrolls added just 29,000 jobs
- —Fed raised rates to 3.75%-4.00% in September
- —US spot Bitcoin ETFs drew about $6.34 billion in Q3 2026
- —Sept. 30 saw $149 million in ETF outflows before inflows returned Oct. 1
Why it matters: A convincing break above $87,000 would open the path to $90,000 and beyond, but elevated unrealized gains among short-term holders raise the risk of selling into resistance.
Source: Coinpaper