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

The Economic Times · Surbhi Khanna · 2026-10-06 10:38 UTC

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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