Bitcoin held around $86,000 on October 5, after reaching a high of $87,000 on Friday, buoyed by a far weaker-than-expected U.S. jobs report (29,000 versus 90,000 forecast), which cut the odds of a Fed rate hike in October to roughly 22%. U.S. spot ETFs attracted $134.4 million in inflows across the first two trading sessions of October, reversing outflows from September 30, following monthly inflows of $2.65 billion and quarterly flows of $6.34 billion. Bitcoin remains roughly 32% below its October 2025 record of $126,200, with Citi targeting $113,000 in twelve months. With no crypto legislation expected before the U.S. election on November 3, that vote will be the next major market catalyst.
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