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Weak September jobs data bolsters Fed hold outlook as Bitcoin stays below $85,000

  • September U.S. employment data strengthened expectations for steady Federal Reserve rates.
  • Bitcoin remained below $85,000 despite changing October meeting expectations.
  • The Federal Reserve’s October meeting is the next policy focus.

September U.S. employment data came in far below market expectations, strengthening the view that the Federal Reserve will keep policy rates unchanged at its October meeting. Bitcoin remained below $85,000 despite the shift in rate expectations, highlighting heavy overhead resistance, or selling pressure above the current price.

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Weak September jobs data bolsters Fed hold outlook as Bitcoin stays below $85,000 - CoinPost Terminal