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Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets

Economic Times 5 October 2026 at 02:11 pm 1 min read 6 views Read Original
Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets

Bitcoin traded near $86,000 on Monday after weaker US jobs data sharply reduced expectations of an October Fed rate hike. Analysts said the softer macro backdrop, improving institutional demand and ETF inflows could support prices, though elevated Treasury yields and oil above $100 may continue to weigh on risk appetite.

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