Bitcoin climbed toward $87,000 after a weaker-than-expected U.S. jobs report reduced expectations for another Federal Reserve rate increase at the Oct. 27–28 meeting. The economy added 29,000 jobs in September, below economists’ 84,000-90,000 forecast range, while unemployment rose to 4.2%. The Bureau of Labor Statistics also lowered combined payroll growth for July and August by 60,000 jobs. BTC briefly reached about $87,086 before retreating to around $85,300. Glassnode data showed futures markets cutting the probability of an October hike from roughly 66% at the start of the week to 22% by Friday afternoon. Softer inflation and dovish Federal Reserve commentary also influenced the shift, although Chicago Fed President Austan Goolsbee said both a hike and a pause remain on the table. Bitcoin still faces resistance around $87,000-$87,500, with a break above that zone potentially placing $90,000 in focus. Institutional demand has strengthened the move: U.S. spot Bitcoin ETFs attracted about $6.34 billion in the third quarter, including $2.65 billion in September, while BTC gained nearly 43% during the quarter.