{
  "id": 11357882,
  "title": "The October 2 US jobs report lands soon. Could it make or break Bitcoin’s rally?",
  "url": "https://urgent.news/2026/10/02/the-october-2-us-jobs-report-lands-soon-could-it-make-or-break",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T04:25:38.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/the-october-2-us-jobs-report-lands-soon-could-it-make-or-break-bitcoins-rally-20261002/"
  },
  "original_language": "en",
  "account": "The cryptocurrency market witnessed a 1.16% increase, reaching a total value of $2.89 trillion. Institutional optimism and policy progress contributed to this rally, which appears more grounded than purely speculative. Citigroup analyst Alex Saunders raised his base-case Bitcoin forecast to $113,000, citing renewed ETF inflows and positive sentiment. The SEC proposed a tailored custody framework for investment advisers, addressing a key operational hurdle. These developments signal growing Wall Street validation and clearer oversight pathways, boosting large-player buying interest. Bitcoin's derivatives open interest increased by 6.28%, while liquidations fell by 61.8%. Bitcoin dominance held steady at 58.96%, indicating core assets led the rally. The Fear & Greed Index is at 68, in the Greed territory. The top-trending narrative is the US Strategic Crypto Reserve, which gained 1.41%. The crypto sector's correlation with traditional risk assets is highlighted, with an 80% correlation with the Russell 2000 ETF. The upcoming US jobs report on October 2 could influence rate expectations and risk appetite in both traditional and digital markets. Bitcoin faces a sell wall between $85,000 and $86,500 on Binance, with the 365-day moving average near $80,000 providing major support. A drop below $82,000 risks a pullback toward the $80,000 support. Technical analysis suggests a breakout above $85,500 within the next 48 hours would signal a convincing move higher. The market cap is testing the 23.6% Fibonacci retracement level at $2.85 trillion, with resistance near $2.94 trillion. A close above this range could signal a continuation towards $3.03 trillion.",
  "summary": "The cryptocurrency sector is moving higher in a coordinated fashion. Bitcoin rose 1.70 per cent to US$85,002.11 over the past 24 hours. The total crypto market climbed 1.16 per cent to US$2.89T. This advance rests on two powerful forces. Institutional optimism and policy progress are working together. The result is a rally that looks more […] The post The October 2 US jobs report lands soon.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}