Bitcoin Fails to Clear September Peak Amid Employment Figures

Bitcoin (BTC) reached its highest price in months on Monday, nearing $87,000 before falling below $86,000. This brief advance did not establish a sustained move above the September peak of $87,397, set on September 21. Prices can vary across exchanges and data providers, but the current trend is clear.

The rally was preceded by the release of U.S. employment figures on Friday, October 2. Employers added 29,000 jobs in September, while unemployment remained at 4.2%. The employment figures did not seem to have a lasting impact on the price of Bitcoin, as the rally faded below the September high.