{
  "id": 11471749,
  "title": "Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower",
  "url": "https://urgent.news/2026/10/02/bitcoin-briefly-hits-87k-as-weak-us-jobs-data-sends-bond-yields-lower",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T15:27:31.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-briefly-taps-87k-as-bond-yields-drop-on-low-us-nonfarm-payrolls-data"
  },
  "original_language": "en",
  "account": "Bitcoin briefly surpassed $87,000 on Friday, driven by weaker-than-expected US jobs data that sent Treasury yields lower, according to reports. The September nonfarm payrolls data revealed a shortfall of 29,000 jobs, falling short of the anticipated 84,000 additions. This followed a downward revision of August's numbers from 162,000 to 133,000. In response to the disappointing jobs report, US stocks initially rose at the start of trading, with the S&P 500 and Nasdaq Composite Index each gaining 1% and 1.8%, respectively. The Kobeissi Letter highlighted that this was the third weakest jobs report of 2026. US bond yields dropped for a second day in a row, with the 30-year yield at 5.573% and the 10-year at 5.2%. Despite this positive backdrop, Bitcoin's price action failed to break past multi-month highs, briefly reaching $87,229 on Bitstamp before dropping back below $86,000. Trading firm QCP Capital noted that a Treasury relief rally, encouraged by falling bond yields, could still provide Bitcoin with a strong upside catalyst.",
  "summary": "Bitcoin climbed after weaker-than-expected payrolls pushed Treasury yields lower, but order-book resistance kept BTC from reaching new macro highs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "Tether's USDT stablecoin is set to return to the Bitcoin network through Tether-backed Utexo, which will keep most transaction data off Bitcoin's public ledger (CoinDesk)",
        "url": "https://urgent.news/2026/10/02/tethers-usdt-stablecoin-is-set-to-return-to-the-bitcoin-network",
        "published": "2026-10-02T10:10:01.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints",
        "url": "https://urgent.news/2026/10/02/bitcoin-nears-highest-level-since-january-as-85-000-sell-wall-clears",
        "published": "2026-10-02T13:34:40.000Z"
      }
    ]
  },
  "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."
}