Macro· ★★★★· bullish·

Bitcoin reclaims $86,000 as weak US jobs data cools rate-hike fears

  • —Bitcoin rose to $87,230 after the jobs report, opening Monday at $86,513
  • —US employers added just 29,000 jobs in September versus 90,000 expected
  • —Spot Bitcoin ETFs took in $241.08m, Ethereum funds lost about $118m
  • —Strategy bought 334 BTC for $28.7m at an average price of $85,839
Why it matters: Softer macro data lowers the odds of another Fed rate hike, supporting risk assets and potentially reviving the 'Uptober' narrative.
#BTC#ETH
Source: Bitcoin Insider
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