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The Economic Times

Surbhi Khanna

Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets

Bitcoin US Federal Reserve United States Crypto ETF Oil

Bitcoin traded around the $86,000 mark on Monday as weaker-than-expected US jobs data sharply reduced expectations of an October Fed rate hike. The cryptocurrency was trading at around $85,950.

Over the past 24 hours, Bitcoin and Ethereum gained 0.84% and 0.54%, respectively. Among major altcoins, XRP, Tron, Hyperliquid, Dogecoin and Cardano gained up to 10.71%, while BNB and Solana fell up to 1%.

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