Bitcoin rose above $87,000 on Friday after US payroll data came in weaker than expected. The jobs miss pushed US Treasury yields lower, and BTC climbed. Cointelegraph published the report on Oct 2, 2026.
TradingView data showed BTC/USD reaching $87,229 on Bitstamp. That left the price just under a new eight-month high. The rise did not hold above that level.
The report says resistance in the order book stopped Bitcoin from setting new macro highs. It does not say how large those sell orders were or where exactly they sat. It also does not say what the price did after the spike.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the report changes nothing directly. It contains no figures on funding rates, trading fees, open interest, liquidations or exchange liquidity. A price move alone does not show whether holding a position became cheaper or more expensive, so that remains unknown from this story.
Source: cointelegraph — Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower
Price today: Bitcoin