After the release of U.S. non-farm payroll data, Bitcoin briefly rose to $87,000
2026-10-02 20:59:53
CoinMeta data: After the release of the U.S. non-farm payroll data, Bitcoin briefly rose to $87,000 before falling back to $86,700, with a daily increase of over 3%. As a key indicator of the U.S. economic vitality, the release of non-farm employment data directly reshaped market expectations regarding monetary policy. The strong performance of the job market diminished the necessity for the Federal Reserve to undertake aggressive interest rate cuts, and funds flowed towards risk assets to hedge against the uncertainties brought about by a soft economic landing. As a highly volatile asset, Bitcoin quickly reflected the market's re-pricing of the liquidity environment through a sharp rise in price after the macro data was released. This market trend demonstrates the high sensitivity of the crypto market to U.S. macroeconomic indicators, with investors adjusting their portfolios by allocating digital assets to cope with the valuation fluctuations caused by changes in macro policies.
Source:Internet
This content is for market information only and does not constitute investment advice.
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