Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge
Summary
Bitcoin briefly rose above $86,885 ahead of U.S. jobs data, then eased to around $86,000, up about 1.5% on the day and 3% in October. The move came despite elevated U.S. Treasury yields and a stronger dollar, which had kept bitcoin in an $82,000–$85,000 range earlier in the week. Markets expected September payroll growth of 90,000 and unemployment to hold at 4.1%. Separately, concerns about France’s public finances pressured the euro: French borrowing costs and credit-default swap premiums rose, while the yield gap with Germany reached its widest in 14 years.
