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Bitcoin Breaks $86,000, Ethereum Surpasses $2,730... US September Jobs Report to Determine Whether Rally Continues

As Bitcoin (BTC) reportedly climbed above $86,000, attention is turning to the upcoming US employment data release as the next variable that could determine the direction of the cryptocurrency market. ■ Bitcoin Breaks $86,000, Ethereum Surpasses $2,730 According to a post on the CoinMarketCap comm

Wooil Shim
Staff Reporter
5 min read
Bitcoin Breaks $86,000, Ethereum Surpasses $2,730... US September Jobs Report to Determine Whether Rally Continues
CBC News

As Bitcoin (BTC) reportedly climbed above $86,000, attention is turning to the upcoming US employment data release as the next variable that could determine the direction of the cryptocurrency market.

■ Bitcoin Breaks $86,000, Ethereum Surpasses $2,730

According to a post on the CoinMarketCap community, Cryptobullion stated that Bitcoin had broken through $86,000 and Ethereum (ETH) had also moved above $2,730. These prices were claims based on the time the post was written and may differ from current market rates.

Cryptobullion cited slowing inflation and US economic growth as the drivers of the rise. The interpretation is that buying pressure is pushing Bitcoin's price higher, with the upward momentum extending to Ethereum as well. However, the post did not provide specific inflation or growth indicators or trading volume data to support this claim.

■ US September Jobs Report to Be Released at 9:30 PM KST on the 2nd

The US September jobs report scheduled for today is a key variable in judging whether the upward trend will continue. According to the US Bureau of Labor Statistics (BLS) release schedule, the jobs report will be published at 8:30 AM Eastern Time on the 2nd, which is 9:30 PM Korean time.

The items to watch are the change in nonfarm payrolls, the unemployment rate, and the average hourly earnings growth rate. To accurately assess the labor market situation, one needs to look not only at the scale of job gains but also at wage trends and whether the previous month's employment figures were revised.

■ Friendly Jobs Report Could Support Further Gains

The post suggested that if the employment results turn out to be market-friendly, risk appetite could strengthen, potentially supporting further gains in Bitcoin and Ethereum. This is merely a pre-release outlook, and it remains unconfirmed whether the actual market reaction will move in the same direction.

With the employment data release ahead, it is difficult to conclude that the uptrend is confirmed based solely on the news of Bitcoin breaking $86,000 and Ethereum surpassing $2,730. The release results and subsequent price movements need to be examined together.

[Cryptocurrency is a high-risk asset with high price volatility, and principal losses may occur. The posts and forecasts introduced in this article may not match actual market movements and do not constitute investment advice. Investment decisions and responsibilities rest with the investor. This article was written with the assistance of AI.]

Wooil Shim
Staff Reporter

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