Bitcoin slipped to $84,600 following $433 million in crypto liquidations
The Bureau of Labor Statistics reported on October 2 that employers added 29,000 jobs in September while unemployment rose to 4.2%. Bitcoin briefly topped $87,000 before slipping to about $84,600 on October 3.
Why it mattersPast hiring was weaker than expected, meaning workers faced a tougher job search than originally thought.
How we got here
- Before the jobs release, Bitcoin briefly topped $86,885 as traders awaited September employment figures; the U.S. 10-year Treasury yield had reached 5.34%. Coindesk
- The Bureau of Labor Statistics reported September payroll growth of 29,000 and an unemployment rate of 4.2%. Whendomarketsopen
- Bitcoin fell to about $84,636 as crypto liquidations reached $433.57 million, including $321.77 million in long liquidations. Cryptotimes
What's likely next
- Bitcoin reaches $50,000 before $100,000Unlikely22%▲ from 8% yesterday
All coverage
The coverage
Analysis & opinion
- Can Bitcoin Reach $100,000 by the End of the Year?Yahoo Finance · Oct 1
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