Crypto

Bitcoin Soars as Dovish Fed Comments Reduce Rate Hike Expectations

Guavy AI Editorial Team Published October 2, 2026

Instruments

BTC NFP

Bitcoin has broken out of its recent range, boosted by dovish comments from Federal Reserve officials. Fed Vice Chair Jefferson and President of the New York Fed Williams reduced expectations for an October rate hike to 25%, down from 70%. This shift in sentiment has given Bitcoin a supportive environment, despite ongoing tensions between the US and Iran.

The pair's comments have also made it more likely that any negative impact from the US-Iran stalemate on Bitcoin will be limited. However, this could change if the situation escalates or negotiations break down.

Today's US NFP report is a key event to watch, as a strong jobs report could lead to increased expectations for an October rate hike and weigh on Bitcoin. On the other hand, in-line or weaker-than-expected data will likely provide support for the cryptocurrency.

Bitcoin Soars as Dovish Fed Comments Reduce Rate Hike Expectations

Treasury Yields Hit 24-Year Highs, Putting Fed's Policy Dilemma Under Spotlight

Major Companies Launch Stablecoin Backed by Over $1 Billion in Reserves

Aave Adapter Exploit Drains $305K, Leaves V3 Unscathed