Bitcoin Surges Past $87,000 as Weak Jobs Data Reduces Rate Hike Expectations

Bitcoin's price climbed above $87,000 on October 2, following a weak US jobs report that showed nonfarm payrolls rising by just 29,000, below expectations of 84,000 to 90,000.

The unemployment rate reached 4.2%, reducing expectations for another Federal Reserve rate hike this month.

Ripple advanced its XRPL lending plans, introducing closed-ended lending vaults and cash-basis accounting through the LendingProtocolV1_1 amendment, which requires more than 80% support from trusted validators for two weeks.

Shiba Inu recorded its strongest monthly performance of 2026, with a 13.5% gain in September, reaching a monthly high close to $0.00000625 and recording a daily golden cross on October 2, the first such signal in almost two years.