Bitcoin Stalls Above $85,000 as Weak Jobs Report Cuts Odds of an October Rate Hike

MACROECONOMICSBitcoin Stalls Above $85,000 asWeak Jobs Report Cuts Odds ofan October Rate Hike0IMPORTANCECLOSED1NEWS MEDIA1PIECESOct 5, 2026 09:43blockboard.net

Published

What this rests on

Summary in preparation.

Market reaction

BT Bitcoin the event is about this asset from 2 h before to 4 h after the line marks the first headline
published
-0.59 % before publication
+0.20 % after
$85,886price at publication
12series points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

What Federal funds rate has done before

WhenWhat happenedFigure
2 months ago Federal funds rate: 3.75 (+0.12) rise Sep 2026
3 months ago Federal funds rate: 3.63 no change Aug 2026
4 months ago Federal funds rate: 3.63 no change Jul 2026
5 months ago Federal funds rate: 3.63 no change Jun 2026
6 months ago Federal funds rate: 3.63 (-0.01) fall May 2026

FRED series, with the value of each release and its change.

What could happen next i

Fed Decision in October? Polymarket · settles Oct 29 · $4.2M bet in 24 h
92% No change ▲ 2 pts in 24 h
  • No change ▲2 92%
  • 25 bps increase ▼2 8%
  • 50+ bps increase <1%
  • 25 bps decrease <1%
No change, last 7 days
Fed decision in Oct 2026? Kalshi · settles Oct 28 · $516.3k bet in 24 h
91% Fed maintains rate ▲ 2 pts in 24 h
  • Fed maintains rate ▲2 91%
  • Hike 25bps ▼4 8%
  • Cut 25bps 1%
  • Hike >25bps 1%
  • 1 more1%
Fed maintains rate, last 7 days
No change or Hike 25 bps favored on October 27? Polymarket · settles Oct 27 · $984 bet in 24 h
98% No change or Hike 25 bps favored on October 27?
  • No change or Hike 25 bps favored on October 27? 98%
No change or Hike 25 bps favored on October 27?, last 7 days