Bitcoin trades near $86,000 as Fed hike bets fade
In short
Bitcoin traded near $86,000 on Monday after weaker US jobs data cut hopes for an October Fed rate hike.
Analysts said ETF inflows and institutional demand may help support the price. Higher Treasury yields and oil above $100 could still weigh on risk appetite, but the next move is still unclear.
What the reporting says
Bitcoin traded near $86,000 on Monday after weaker US jobs data sharply reduced expectations for an October Fed rate hike. The reporting said analysts saw a softer macro backdrop, improving institutional demand and ETF inflows as possible support, while elevated Treasury yields and oil above $100 could still pressure risk appetite. The near-term direction remains uncertain.
Why it matters
Bitcoin traded near $86,000 on Monday after weaker US jobs data reduced bets on an October Federal Reserve rate hike. The market reaction was tied to expectations for US policy and risk appetite. The report said ETF inflows and institutional demand could support Bitcoin, while high Treasury yields and oil above $100 may still limit gains. No exact jobs figures or Fed decision were stated.