Crypto Markets See Sudden Shift as Bitcoin Surges Past $87,000

The past week saw significant developments in the crypto market, led by Bitcoin's surge above $87,000. The strong price action was largely driven by weaker-than-expected US jobs data, which reduced expectations for a Federal Reserve rate hike this month.

Ripple also made headlines as it advanced its plans to introduce native lending infrastructure on the XRP Ledger. The company announced the opening of the LendingProtocolV1_1 amendment for validator voting, marking another step towards launching closed-ended lending vaults and cash-basis accounting.

Shiba Inu (SHIB) also recorded a notable performance in September, with a 13.5% monthly gain making it its strongest month so far this year. The token's price climbed from $0.00000507 at the start of the month to near $0.00000625 by its end.