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Home›Crypto›Bitcoin›Bitcoin trades above $86,000 as Fed-hike odds ease

Bitcoin trades above $86,000 as Fed-hike odds ease

A weak September jobs report pulled an October Fed hike off the table, but bitcoin remained below $87,000 ahead of Wednesday’s FOMC minutes.

Reported · Written up by our desk · Bitcoin

CoinDesk reports bitcoin is trading above $86,000 as traders reassess the odds of an October Federal Reserve rate hike after a weak September jobs report.

While that jobs data took an October hike off the table, bitcoin was still holding below $87,000.

CoinDesk also points to upcoming FOMC minutes due Wednesday as a key catalyst traders are watching.

Latest closeBitcoin $85,938.53 ▼0.6%

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Sources

CoinDeskLive updates: Bitcoin above $86,000 as traders price out an October Fed hike

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