Bitcoin Surges Past $87,000 on Weak US Jobs Data

Bitcoin has reclaimed $87,000 after weak U.S. jobs data led to reduced expectations for another Federal Reserve rate hike this month.

The past week saw a broad shift in crypto market momentum, with XRP and Shiba Inu (SHIB) also experiencing notable developments.

Ripple advanced its XRPL lending plans by opening the LendingProtocolV1_1 amendment for validator voting on September 30, which introduces closed-ended lending vaults and cash-basis accounting.

XRPL processed more than 900 million in a 24-hour period on October 1, followed by another 60% increase in a key growth metric on October 2.