Veytics Intelligence
2026-10-02 · Coindesk

Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge - coindesk.com

Bitcoin BTC $86.452,84 briefly topped $86,885 on Friday ahead of the latest U.S. jobs figures. The largest cryptocurrency by market capitilization eased to around $86,000 but remains around 1.5% higher on the day and up roughly 3% in October. The unemployment rate is expected to remain unchanged at 4.1%, while nonfarm payrolls are forecast to increase by 90,000 in September, down from 162,000 in August. The surge in government bond yields, with U.S. 10-year Treasury yield having reached multi-decade highs of 5.34%, had kept bitcoin locked in the $82,000-$85,000 range throughout the week. Yields move inversely to bond prices, so the spike in yields means higher borrowing costs. Meanwhile, the U.S.

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