Bitcoin Taps $87,000 as US Jobs Data Misses Expectations

Bitcoin's price surged past $87,000 on Friday, but failed to break new multi-month highs as overhead resistance held firm.

The spike came as the US jobs data missed expectations, with the economy adding just 29,000 jobs in September, against an anticipated 84,000.

This marked the third weakest jobs report of 2026, according to The Kobeissi Letter.

US bond yields fell for a second consecutive day, with the 30-year yield at 5.573% and the 10-year at 5.2%.

Analysts saw further Bitcoin price upside on the back of falling US bond yields, with QCP Capital arguing that a Treasury relief rally would provide the cleanest upside catalyst for the asset.