The unemployment rate was also higher than expectations.
Bitcoin rose 0.46% during the hour, from $86,495 to $86,894. The tally covers three exchanges through 8:36 a.m.
Institutional interest in Bitcoin ETFs signals growing mainstream acceptance, potentially stabilizing and boosting the cryptocurrency market. Bitcoin climbs above $86K for third straight week on ETF demand.
Bitcoin reached $86,857 as short liquidations topped $120 million. ETF demand returned, but remains below its late-September peak.
The US 10-year Treasury yield touched 5.34% on Oct. 1, its highest since 2002, capping a third quarter in which it climbed almost 90 basis points, the largest quarterly rise this century. Bitcoin gained about 43% over the same three months and Ethereum about 71%.
Bitcoin rallied toward the $87,000 level on Friday, October 2, 2026, riding a hot streak of inflows into US spot BTC ETFs.
The cost bases belong to Bitcoin holders with two different holding periods and put the price near a risk zone around $89,000.
Citi's bullish Bitcoin forecast suggests potential market growth, driven by increased crypto allocations and favorable macro-regulatory trends. Citi turns bullish on Bitcoin again with a $113,000 price target.
President Donald Trump told Time the Federal Reserve should not have raised interest rates, yet bitcoin's price has climbed roughly 13% since the Sept. 16 hike he is complaining about. ‘This Just Happened?' The exchange came during a White House sit-down on Sept. 28 that Time published as a full interview transcript yesterday.
Bitcoin trades above $86,000 as gold and tech futures rise, with investors expecting 90,000 new U.S. jobs and unemployment to hold at 4.1%.
Utexo has a license to issue USDT on Bitcoin via RGB, with Lightning support planned afterward.
Bitcoin reclaimed $85,000 on October 2 before the United States released its September employment report.