Bitcoin maintained its earlier gains, rising over 2% in the last 24 hours, and hovering just below the $87,000 mark.
By James Van Straten, Stephen Alpher|Edited by Stephen AlpherUpdated Oct 2, 2026, 8:47 a.m. EDTPublished Oct 2, 2026, 8:31 a.m. EDT1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- In September, the U.S. created only 29,000 new jobs, falling short of the expected 90,000.
- Unexpectedly, the unemployment rate rose to 4.2%.
- Bitcoin was trading approximately 2% higher at $86,600.
The September labor market report indicates potential weakness, which may allow the Federal Reserve to maintain interest rates despite ongoing inflation concerns.
The Nonfarm Payrolls Report revealed that the U.S. added just 29,000 jobs in September, significantly lower than the anticipated 90,000 and a decline from August's revised figure of 133,000 (originally reported as 162,000).
The unemployment rate rose to 4.2%, exceeding expectations of 4.1% and matching August's rate.
Additionally, revisions indicated that July's previously reported job gain of 21,000 has now been corrected to a loss of 10,000.
Following the report's release, Bitcoin held steady just under $87,000, while U.S. stock index futures continued to rise, with the Nasdaq up by 1.2%.
The yield on the 10-year Treasury dropped by 7 basis points to 5.17%, and the 2-year yield also fell by a similar amount to 4.71%. Gold prices increased by over 1%, and the U.S. dollar weakened against major currencies.
In other report metrics, average hourly earnings grew by only 0.1% last month, falling short of the 0.3% forecast and the previous month’s growth of 0.3%. Year-over-year, average hourly earnings increased by 3%, slightly below expectations of 3.2% and August's figure of 3.1%.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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