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Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets
economictimes·- Bitcoin traded around the $86,000 mark as weaker-than-expected U.S. jobs data significantly reduced expectations of an October Federal Reserve rate hike. - The global crypto market capitalization rose 0.64% to $2.93 trillion, with major altcoins exhibiting mixed movements and Bitcoin maintaining a market dominance near 59.15%. - Analysts noted that while declining rate hike expectations and improving institutional demand supported prices, cooling ETF inflows and elevated Treasury yields continued to temper risk appetite.
