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Bitcoin holds near $86,000 as weak US jobs data lowers October Fed rate hike expectations

Economic Times 6 October 2026 at 12:38 pm 1 min read 27 views Read Original
Bitcoin holds near $86,000 as weak US jobs data lowers October Fed rate hike expectations

Bitcoin traded around $86,000 as expectations of easier US monetary policy supported crypto sentiment. Analysts said weak jobs data reduced rate-hike expectations, while mixed ETF flows, elevated bond yields and resistance near $87,000 kept gains in check and encouraged cautious positioning.

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