Bitcoin tops $86,000 ahead of U.S. jobs report
Bitcoin is up roughly 3% in October as traders await September’s jobs data, while rising bond yields, a stronger dollar weigh on broader markets.
Bitcoin has risen to over $85,000, with a 1.70% increase in the past 24 hours, according to e27. The total crypto market has also climbed 1.16% to $2.89T.
The cryptocurrency sector is experiencing a coordinated move higher, driven by institutional optimism and policy progress. A Citigroup analyst raised the bank's base-case Bitcoin forecast to $113,000 from $82,000, citing renewed ETF inflows and positive sentiment, as reported by e27.
Bitcoin is up roughly 3% in October as traders await September's jobs data, while rising bond yields and a stronger dollar weigh on broader markets, according to CoinDesk.
Brief written by urgent.news from CoinDesk, e27 — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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