The U.S. economy added 29,000 jobs in September, while July and August figures were revised downward by a combined 60,000, according to Bureau of Labor Statistics data. The weaker-than-expected labor report initially triggered volatility across risk assets.
Bitcoin surged to $86,800 following the release but lost momentum within hours on Friday. A subsequent rally attempt on Sunday stalled just below the $87,000 level, indicating persistent resistance at current price ranges despite the macroeconomic backdrop.
Bitcoin Fails to Hold $87K as U.S. Adds 29,000 Jobs in September
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