Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge
Derivatives open interest rose 4.3% to 653,000 BTC as traders added bullish exposure and short liquidations topped $122 million, CoinGlass said.
- On Friday, Bitcoin breached a concentrated sell wall near $85,000, reaching $86,857—its highest level since Sept. 23—before easing below $86,000 as ask liquidity thinned.
- Price action remained rangebound between $82,000 and $85,000 throughout the week due to high Treasury yields, until buyers broke through supported by $102.7 million in net inflows into U.S. Bitcoin ETFs on Oct. 1.
- Open interest climbed to approximately 653,000 BTC , while short liquidations topped $120 million over 24 hours and the perpetual funding rate jumped from roughly 3% to 10%.
- Crypto-Linked equities rose in Friday's premarket trading, with Strategy and Strive gaining around 3%, while Coinbase and Robinhood shares increased by approximately 2%.
- Glassnode analysts suggest sustained ETF inflows and higher volume are needed to confirm the uptrend. Markets await U.S. jobs data, where unemployment is expected to remain at 4.1%.
52 Articles
52 Articles
Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
Times of India
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin leads crypto market rebound above $85K as short liquidations accelerate
Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and crypto’s next move.
Bitcoin (BTC) was heavily influenced this week by US inflation, growth, and employment indicators. Around September 28th, it briefly rose to approximately $82,000 due to rising US Treasury yields and the situation in the Middle East... The post US employment slowdown dampens expectations of further interest rate hikes, Bitcoin briefly surpasses $87,000, but why it couldn't maintain its rise [Xwin] first appeared on NADA NEWS.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
