Live updates: Bitcoin above $86,000 as traders price out an October Fed hike
60-second summary
Bitcoin climbs above $86,000 after a weak September jobs report removes an October Federal Reserve hike from traders’ calculations, yet the cryptocurrency remains just under $87,000 as investors await Wednesday’s FOMC minutes. The price surge reflects reduced rate‑risk sentiment, suggesting continued bullish momentum while market participants monitor upcoming monetary policy details for further direction.
A weak September jobs report took a rate hike off the table, but bitcoin is still stuck below $87,000, with FOMC minutes due Wednesday.