The crypto market is starting October with positive momentum, with Bitcoin holding above the $84,000 level.
Bitcoin recently moved above $86,000 before pulling back slightly. Today, BTC is trading around $84,800, showing that buyers are still active in the market.
One of the main reasons behind the recent move is weaker-than-expected U.S. jobs data. The September jobs report showed only 29,000 new jobs, well below the 90,000 expected. This has increased hopes that the Federal Reserve may avoid another rate hike in October, which could be positive for risk assets like crypto.
Institutional interest is also supporting the market. Spot Bitcoin ETFs recorded around $2.7 billion in inflows during September, showing continued demand from larger investors.
Ethereum is also staying active, while BNB and other major altcoins are seeing renewed buying interest.
For now, Bitcoin's ability to stay above the $84K area could be important for the next move. If buyers return strongly, the market could once again test the $86K–$87K zone. However, crypto remains volatile, so traders should watch key support levels and macroeconomic news closely.
Overall, October has started with improving sentiment, stronger institutional demand and fresh hopes around U.S. monetary policy. The next few days could be important for Bitcoin and the wider crypto market.$ETH
