Crypto traders are in risk-on mode as bitcoin (BTC) dominance nears return to 60%
Summary
Bitcoin rose 3.4% to above $86,000 ahead of the U.S. jobs report, while major altcoins also gained and SKY, AAVE and APT climbed 7%–10%. Bitcoin dominance neared 60% as USDT’s market share fell to about 6.3%, signaling greater risk appetite. Investors are watching payrolls and the Oct. 14 inflation report for their effect on Treasury yields; a sustained rise in 10-year real yields above 3% could increase the chance of bitcoin retesting $80,000–$82,000. Rate-hike expectations for October have fallen, though a strong jobs surprise could revive them and weigh on bitcoin.
