Bitcoin heads higher as weak US jobs data boosts risk assets
first published 2026-10-02T12:31:53Z
The U.S. added just 29,000 jobs in September, well below expectations and below August’s revised gain, while the unemployment rate increased to 4.2%. The weak labor data may give the Federal Reserve more room to keep interest rates steady despite persistent inflation, after markets had recently priced in a possible rate hike.
AI Analysis
The summary reports much weaker-than-expected U.S. job growth and a higher unemployment rate, which could affect near-term Federal Reserve rate expectations and risk asset pricing.
Expected Investor Sentiment: Bullish
Potential Market Impact: High
Source Articles
- U.S. added just 29,000 jobs in September. with unemployment rate rising to 4.2% - CoinDesk
- US payrolls rise just 29,000 in September, can Bitcoin price rally? - Crypto News
- Why is Bitcoin price going up today? - Crypto News
- Bitcoin Reclaims $87K Following Shocking US Jobs Data - U.Today
- Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data - Bitcoin Magazine
- Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower - Cointelegraph
- Bitcoin Heads Higher on Macro Moves: Where Does BTC Go Next? - Decrypt
- Nvidia Hits Record High as Market Value Reaches $5.7 Trillion - Decrypt
