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Morning Edition · Saturday, October 3, 2026Published at 1:57 AM EDT · New York
Bitcoin Topped $87,000 After a Weak September Jobs Report, Then Gave Back Most of the Gain
American employers added 29,000 jobs and unemployment rose to 4.2%, and bond yields reversed higher by the afternoon.
The United States added 29,000 jobs in September and the unemployment rate rose to 4.2%. Bitcoin held gains after the release, trading up more than 2% over 24 hours and just below $87,000, before reaching an intraday high of $87,220 and ret…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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