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Bitcoin nears $86K amid US job slowdown
Bitcoin's price approached $86,000 after dropping from the $87,000 level, amid increasing concerns over inflation and a slowdown in U.S. job growth. This came following the addition of 29,000 jobs in September, which was significantly below expectations, with previous months' data being revised downward. This situation led the market to assign less than a 20% probability of a rate hike in October, supporting risk-sensitive assets, despite Bitcoin's gains declining after bond yields rose again. Investors remain cautious about the potential impact of negative data on future monetary policy.
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