According to CryptoDnes, Bitcoin dropped below $87,000 on Thursday as a delayed U.S. jobs report created uncertainty ahead of the Federal Reserve’s December policy meeting. The report showed 119,000 jobs added in September, above expectations, but the unemployment rate rose to 4.4%, the highest since early 2024. The conflicting data has left traders uncertain about the Fed’s next move, with Bitcoin tracking the lower Bollinger Band amid increased selling pressure. Analysts note that the delayed and mixed data complicates the Fed’s decision-making, with market expectations for a December rate cut rising to 43% from 30% before the report.
Bitcoin Falls Below $87,000 Amid Confusing U.S. Jobs Data
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