Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data
Published . Updated .
Bitcoin Magazine Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that unemployment in the U.S. had ticked up. Bitcoin’s price recently stood at $85,990 after a 2% jump over a 24-hour period. Over the past week, it has also risen by […] This post Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data first appeared on B
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- TLT iShares 20+ Year Treasury Bond
Long-term bonds move when yields change
- IEF iShares 7-10 Year Treasury Bond
Treasury bonds move when yields change
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- SHY iShares 1-3 Year Treasury Bond
Short-term bonds move when the Fed changes rates
- SPY SPDR S&P 500
Stocks move when the Fed changes the rate path
Price reaction, T-5 to T+3
Bitcoin Magazine Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that une…
Source: Bitcoin Magazine
The price since 2 Oct 2026: Invesco Bloomberg Financial Data Providers Etf (FDIQ) versus the S&P 500
Since the first closing price after “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data,” Invesco Bloomberg Financial Data Providers Etf (FDIQ) is +2.88%. The S&P 500 fund (SPY) is -1.08% over the same days, a +3.96% difference versus the market.
Who gains and who loses around Invesco Bloomberg Financial Data Providers Etf (FDIQ)
Companies mentioned with this story
- FDIQ Invesco Bloomberg Financial Data Providers Etf
In “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data,” Invesco Bloomberg Financial Data Providers Etf (FDIQ) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIQ as a RELATED security because its canonical security name directly matches this event's themes: financial, data. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITB Bitwise Bitcoin ETF
In “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FAS Direxion Daily Financial Bull 3X Etf
For “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Invesco Bloomberg Financial Data Providers Etf (FDIQ)
The 2 Oct 2026 story “Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data” names Invesco Bloomberg Financial Data Providers Etf (FDIQ) because of this story.
What ties Invesco Bloomberg Financial Data Providers Etf (FDIQ) to the headline is this: GA selected FDIQ as a RELATED security because its canonical security name directly matches this event's themes: financial, data. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB) is here too. Its reason reads: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Invesco Bloomberg Financial Data Providers Etf (FDIQ)
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. FDIQ traded between 67.46 and 71.98 across 3 sessions. The latest close on file is 71.98.
How strong the case is around Invesco Bloomberg Financial Data Providers Etf (FDIQ)
46 out of 100
“Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.