Markets· ★★★· neutral·

Bitcoin Holds Near $86K as ETF Inflows Return, Fed Pause Bets Rise Ahead of Midterms

  • —September payrolls came in at 29,000 vs. 90,000 expected; unemployment rose to 4.2%
  • —CME FedWatch shows 78% odds of a Fed pause in October, up from about 30% a week earlier
  • —Bitcoin ETFs drew $134.4 million in the first two October sessions after a $149 million outflow on Sept. 30
  • —The Clarity Act collapsed in September, leaving no regulatory catalyst before the Nov. 3 election
Why it matters: A cooling labor market reduces the risk of another rate hike and supports bitcoin, but with no regulatory catalyst before the election, the Fed and ETF flows remain the key drivers.
#BTC
Source: Journal du Coin
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