Bitcoin surged to $86,000 to open October, driven by a shift in the macro backdrop. Cooler-than-expected inflation data and dovish commentary from two Federal Reserve speakers have moved market odds toward a rate hold at the next Fed meeting.
BTC
84,659.25
-0.31%
The move comes as traders await two key data points: the monthly payrolls report and the CPI print due October 14. Both figures are likely to influence Fed policy expectations and, by extension, risk asset sentiment heading into the rest of the month.