Morning Edition · Monday, October 5, 2026Published at 1:31 AM EDT · New York

Bitcoin's push toward $87,000 stalls for the second time in a week after payrolls cut the odds of an October Fed hike

Glassnode estimates the probability of another quarter-point hike on October 28 fell from 66% to 22%, while Strategy's holdings reached 847,666 BTC and BNB moved above $800.

Bitcoin rose toward $87,000, coming within about $500 of its late-September peak, before sellers drove it back below $86,000, CoinDesk reported. CoinDesk said the move came close to an eight-month high and was the second rally in a week to…