Bitcoin faces $87,000 barrier as softer jobs data reshape rate outlook

  • Bitcoin tested $87,000 after breaking through the $85,000-$86,000 range overnight.
  • U.S. employers added 29,000 jobs in September as unemployment reached 4.2%.
  • Matt Mena forecast ether at $4,000 and solana at $140.

Bitcoin moved above $85,000-$86,000 overnight and tested $87,000 on Oct. 2, with 21shares senior crypto research strategist Matt Mena identifying that level as resistance. He said softer U.S. employment data could help prices break toward $90,000 and $97,000, while reduced expectations for Federal Reserve rate hikes could support risk assets into 2027. U.S. employers added 29,000 jobs in September, unemployment reached 4.2%, and July and August payroll gains were revised down by 60,000 combined. Mena estimated approximately $7 billion in third-quarter net inflows into bitcoin exchange-traded funds, their strongest quarter since Q3 2025, alongside $2.6 billion for ether and $500 million for solana. He forecast ether reaching $4,000 and solana reaching $140 after reclaiming $125. Upcoming inflation and Federal Reserve decisions will test whether direct buying can sustain gains, while recent ether and solana ETF withdrawals show demand remains uneven.

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