JrKripto - Everything about Crypto

Standard Chartered’s 2030 Price Targets for 4 Altcoins

Standard Chartered’s 2030 Price Targets for 4 Altcoins

<p class="text-left mb-4 ">Geoffrey Kendrick, Standard Chartered’s head of digital assets research, discussed four projects that could benefit from traditional finance moving onto blockchain networks. Speaking on Milk Road’s October 1 episode, Kendrick identified Uniswap, <a href="https://jrkripto.com/tr/coin/aave" target="_blank" rel="noopener noreferrer" class="text-primary underline">Aave</a>, Morpho and Arbitrum as projects well positioned for this shift.</p><p class="text-left mb-4 ">The 2030 price targets discussed in the interview were $100 for UNI, $3,500 for AAVE, $60 for MORPHO and $10 for ARB. Kendrick outlined the reasoning behind his previously published forecasts and the conditions needed to reach those targets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tokenization could bring new demand to DeFi protocols</h2><p class="text-left mb-4 ">Kendrick’s outlook centers on tokenization, which allows financial assets to be represented on a blockchain. According to the analyst, institutional adoption could increase the value of assets held onchain while expanding the use of decentralized finance applications.</p><p class="text-left mb-4 ">This approach places greater importance on fee revenue and cash flows when assessing projects. Kendrick focuses on protocols that can capture a share of financial institutions’ onchain activity, defend their competitive advantages and pass the economic value they generate through to their tokens.</p><p class="text-left mb-4 ">Standard Chartered previously projected that the stablecoin market would reach $2 trillion by the end of 2028. The bank also forecasts $2 trillion in tokenized real-world assets, excluding stablecoins, by the same date; together, the two categories would represent a $4 trillion market.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Uniswap’s $100 target may be too low</h2><p class="text-left mb-4 ">Kendrick believes his previously established 2030 target for Uniswap could prove too conservative. The platform’s deep liquidity and token-burning mechanism are central to that view.</p><p class="text-left mb-4 ">According to the analyst, a platform with strong liquidity has an advantage in attracting new users and trading activity. As trading volumes for tokenized assets grow, Uniswap’s ability to serve that demand becomes increasingly important for UNI.</p><p class="text-left mb-4 ">Kendrick also notes that buybacks and burns linked to trading fees can translate platform growth into value for the token. However, he did not replace the $100 target with a new forecast during the interview; he pointed to potential upside beyond his existing projection.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Aave and Morpho address different financial needs</h2><p class="text-left mb-4 ">The 2030 target for AAVE stands at $3,500. Kendrick compares Aave to an onchain banking business, while describing Morpho as a platform serving asset managers.</p><p class="text-left mb-4 ">This distinction shows that he does not view the two projects’ growth as mutually exclusive. In his assessment, lending services and asset management infrastructure can meet different needs within the same ecosystem.</p><p class="text-left mb-4 ">Standard Chartered initiated coverage of Morpho on July 1 with a $60 price target for the end of 2030. Alongside Morpho’s lending market, the bank sees its vault infrastructure as an important part of the growth outlook.</p><p class="text-left mb-4 ">These vaults allow asset managers to offer different strategies onchain. The bank’s long-term expectations depend particularly on capital flowing into this infrastructure from traditional financial institutions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Arbitrum’s revenue growth must translate into token value</h2><p class="text-left mb-4 ">The $10 target for ARB by the end of 2030 rests on the opportunity to provide blockchain infrastructure to financial institutions. In its September analysis, Standard Chartered highlighted Robinhood Chain as a key example supporting this growth outlook.</p><p class="text-left mb-4 ">During the Milk Road interview, Kendrick explained that Arbitrum could benefit from the expansion of tokenized equities. However, how the network’s economic success would translate into value for ARB holders remained an unresolved issue.</p><p class="text-left mb-4 ">Kendrick noted that revenue currently does not flow directly into token buybacks and burns. He said he would welcome the introduction of such a mechanism in the future; the $10 target therefore reflects expectations for both revenue growth and the transfer of value to the token.</p>

5 Oct 2026
4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Grow

4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Grow

<p class="text-left mb-4 ">Publicly traded companies accumulating cryptocurrencies shared new reserve updates on October 5. Strategy announced the purchase of 334 Bitcoin, Strive added 2,000 Bitcoin, and Bitmine acquired 15,112 Ethereum. Metaplanet also increased its reserves by a net 1,000 BTC during the third quarter after selling 10,000 BTC and purchasing 11,000 BTC.</p><p class="text-left mb-4 ">The announcements cover different trading periods. Strategy’s and Strive’s latest purchases span late September and early October, while Metaplanet’s sales and repurchases cover the third quarter.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strategy’s Bitcoin reserves reach 848,000 BTC</h2><p class="text-left mb-4 ">Strategy disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it purchased 334 BTC between October 1 and 4. The company spent approximately $28.7 million, paying an average of $85,838.80 per Bitcoin.</p><p class="text-left mb-4 ">The filing divided the weekly activity into two periods to account for the quarter-end. Strategy made no Bitcoin purchases between September 28 and 30, acquiring all 334 BTC during the first four days of October.</p><p class="text-left mb-4 ">The latest purchases increased the company’s total Bitcoin holdings to 848,000 BTC. The aggregate acquisition cost reached approximately $63.97 billion, with an average cost of $75,440.70 per Bitcoin.</p><p class="text-left mb-4 ">Strategy funded $15.7 million of the purchase using net proceeds from MSTR share sales. It covered the remaining $13 million with cash; the reported acquisition costs include fees and expenses.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Metaplanet sells 10,000 Bitcoin and buys 11,000 BTC</h2><p class="text-left mb-4 ">Metaplanet’s third-quarter transactions revealed a different approach to reserve management. The Japanese company sold 10,000 BTC and subsequently purchased 11,000 BTC, bringing its total holdings to 44,000 BTC as of September 30.</p><p class="text-left mb-4 ">According to the company’s official announcement, the transactions aimed to demonstrate its ability to convert Bitcoin reserves into cash when needed. Metaplanet intends to strengthen confidence in its creditworthiness and broaden access to financing options such as bonds and preferred shares.</p><p class="text-left mb-4 ">The company received approximately ¥124.7 billion from the sales and allocated roughly ¥149.9 billion to purchases. The average sale price was ¥12.47 million per Bitcoin, compared with an average purchase price of ¥13.63 million.</p><p class="text-left mb-4 ">Metaplanet also stated that it did not repay its existing debt as part of these transactions. After repurchasing Bitcoin, the company ended the quarter with a net increase of 1,000 BTC; the gross purchase of 11,000 BTC therefore does not represent an equivalent increase in reserves.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strive purchases approximately $169 million in Bitcoin</h2><p class="text-left mb-4 ">According to Strive CEO Matt Cole’s October 5 announcement, the company purchased 2,000 BTC for approximately $169 million. The average purchase price was $84,422 per Bitcoin, bringing total reserves to 29,462 BTC.</p><p class="text-left mb-4 ">Cole said 61.5% of the capital raised came through SATA, while warrants generated $56.7 million. He also noted that the company’s 8-K filing submitted that day included key financial metrics for the third quarter.</p><p class="text-left mb-4 ">Strive’s latest Bitcoin purchase was approximately six times the size of Strategy’s in BTC terms. Combined, the two companies announced purchases totaling 2,334 BTC, with spending of approximately $197.7 million.</p><p class="text-left mb-4 ">At the time of writing, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> is trading at $86,060.24.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-10-05-16-13-59-8df4c244.webp" alt="BTCUSDT_2026-10-05_16-13-59.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitmine adds 15,112 ETH to its Ethereum reserves</h2><p class="text-left mb-4 ">On the Ethereum side, Bitmine announced that it purchased 15,112 ETH over the past week. According to the company’s October 5 release, its total Ethereum holdings reached 6,016,414 ETH as of October 4.</p><p class="text-left mb-4 ">Bitmine said these holdings represent 4.9% of the total supply of approximately 122.1 million ETH. The company continues to pursue its goal of accumulating 5% of Ethereum’s supply.</p><p class="text-left mb-4 ">Chairman Tom Lee said the company has purchased ETH every week since launching its Ethereum treasury strategy on June 30, 2025. Bitmine has 5,067,309 ETH staked, representing approximately 84% of its total ETH reserves.</p><p class="text-left mb-4 ">The company reported a combined value of $17.4 billion for its crypto assets, cash, marketable securities, and other specified investments. It used a reference price of $2,726 per Ethereum for this calculation.</p><p class="text-left mb-4 ">At the time of writing, Ethereum is trading at around $2,716.62.</p>

5 Oct 2026
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stage

Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stage

<p class="text-left mb-4 ">Crypto this week began with <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>trading at around $85,500 and Ether near $2,700. </p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-10-05-14-15-20-4ee98935.webp" alt="BTCUSDT_2026-10-05_14-15-20.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The Federal Reserve’s September meeting minutes, the Reserve Bank of India’s interest-rate decision and oil prices above $100 form the core of the macroeconomic agenda.</p><p class="text-left mb-4 ">The crypto calendar features approximately $337.5 million in scheduled HYPE unlocks and $40.9 million in ENA unlocks. Binance, Bybit and Robinhood will discontinue several products, while three validator-dependent XRP Ledger upgrades could take effect.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Fed minutes will shape expectations for October</h2><p class="text-left mb-4 ">The Fed raised its target rate by 25 basis points to 3.75%–4% on September 16. All members supported the decision, which marked the US central bank’s first rate increase since 2023.</p><p class="text-left mb-4 ">Minutes from the meeting will be published on Wednesday, October 7, at 9:00 p.m. Türkiye time. Investors will examine how policymakers assessed energy-driven inflation risks and whether they disagreed over the timing of the next increase.</p><p class="text-left mb-4 ">US nonfarm payrolls rose by only 29,000 in September. The result fell well below the Reuters poll forecast of around 90,000 and reduced the market-implied probability of an October rate increase to approximately 18%–20%.</p><p class="text-left mb-4 ">The US services outlook will come into focus with the ISM services PMI on Monday, October 5, at 5:00 p.m. Türkiye time. The index is expected to ease to 55 from 55.4 in August, with a reading above 50 indicating continued expansion.</p><p class="text-left mb-4 ">The University of Michigan’s preliminary October consumer sentiment index will follow on Friday, October 9, at 5:00 p.m. Türkiye time. The consensus forecast points to a decline from approximately 48.2 in September to 47.7.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">India is expected to raise interest rates</h2><p class="text-left mb-4 ">The Reserve Bank of India’s Monetary Policy Committee will meet from October 5 to 7. Its interest-rate decision will be announced on Wednesday, October 7, at 7:30 a.m. Türkiye time.</p><p class="text-left mb-4 ">Thirty-five of the 61 economists surveyed by Reuters expect the RBI to raise its repo rate by 25 basis points to 5.50%. Such a decision would mark the central bank’s first increase in nearly four years.</p><p class="text-left mb-4 ">High oil prices, broader inflationary pressure and weakness in the rupee support expectations for tighter policy. The decision could influence emerging-market currencies and global risk appetite.</p><p class="text-left mb-4 ">The European Central Bank will publish the account of its September 9–10 meeting on Thursday, October 8, at 2:30 p.m. Türkiye time. Investors will look for discussions about energy prices, growth risks and the direction of upcoming rate decisions.</p><p class="text-left mb-4 ">Canada’s September employment report will arrive on Friday, October 9, at 3:30 p.m. Türkiye time. Statistics Canada says the report will reflect labour-market conditions during the week of September 13–19.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Oil remains above $100</h2><p class="text-left mb-4 ">Brent crude started the week at around $101.60 per barrel, while US West Texas Intermediate traded near $90.10. The G7’s decision to release 100 million barrels of oil and fuel from emergency reserves has limited prices, although attacks around the Strait of Hormuz continue to support a geopolitical risk premium.</p><p class="text-left mb-4 ">Middle Eastern crude exports exceeded pre-war levels on several days, even as authorities recorded at least seven new attacks on vessels in the region. Persistently high energy costs could encourage central banks to maintain tighter monetary policy for longer.</p><p class="text-left mb-4 ">Oil-driven inflation can affect Bitcoin through interest rates and government bond yields. Markets will monitor the speed of the G7 reserve release and the security of Gulf shipping routes.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Russia’s crypto registration rules take effect</h2><p class="text-left mb-4 ">The Bank of Russia’s new registration regulations for the cryptocurrency market take effect on October 5. Crypto exchanges, digital depositories and operators of systems used to issue digital financial rights will need to join the relevant official registers.</p><p class="text-left mb-4 ">The rules establish qualification requirements for executives, the necessary application documents and the central bank’s registration process. Existing market participants will also have access to a simplified application route.</p><p class="text-left mb-4 ">In the US, the investment adviser and fund custody proposal announced last week does not have a new effective date within the coming seven days. The comment period for the SEC’s broader Regulation Crypto Assets proposal will remain open until October 20.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance, Bybit and Robinhood will discontinue trading</h2><p class="text-left mb-4 ">Binance will automatically settle and delist the PROMPTUSDT, PUMPBTCUSDT and 1000000BOBUSDT perpetual contracts on Monday, October 5, at noon Türkiye time. The exchange will prevent users from opening new positions in these contracts from 11:30 a.m.</p><p class="text-left mb-4 ">Bybit will close deposits for SCOR and AGI on October 7 at 11:00 a.m. Türkiye time. Trading in the SCOR/USDT and AGI/USDT spot pairs, along with Convert support, will end on October 8 at 11:00 a.m.</p><p class="text-left mb-4 ">Robinhood Europe will disable sales of BERA, EOS, PAXG and TIA on Friday, October 9, at 10:00 p.m. Türkiye time. The platform will automatically sell remaining BERA and TIA balances at market prices because withdrawals are unavailable for these assets.</p><p class="text-left mb-4 ">EOS and PAXG withdrawals will remain available until October 14, placing the next stage of their delisting process outside this weekly calendar. No major new spot listing or high-profile token launch had been confirmed at the time of preparation.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Three XRP Ledger upgrades could activate</h2><p class="text-left mb-4 ">The XRP Ledger’s PermissionDelegationV1_1 amendment could activate on Friday, October 9, at approximately 12:25 a.m. Türkiye time, provided validator support remains above the required threshold. The feature will let accounts delegate limited permissions without sharing the private keys controlling their funds.</p><p class="text-left mb-4 ">The projected activation time for fixBatchV1_2 is 5:12 p.m. on the same day. Servers that fail to upgrade to the security-focused xrpld 3.4.1 release could become amendment-blocked and lose synchronisation with the network.</p><p class="text-left mb-4 ">BatchV1_1 is expected to activate at around 5:46 p.m. Türkiye time. The feature will allow users to bundle and submit up to eight transactions together, enabling use cases such as atomic swaps.</p><p class="text-left mb-4 ">All three dates depend on validator support remaining above 80% for the full required period. If support falls to or below the threshold, the 14-day countdown will restart and the activation dates will change.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">HYPE and ENA supply will expand</h2><p class="text-left mb-4 ">Current Tokenomist data show that HYPE and ENA account for most of the week’s major one-time token unlocks. All dollar values are approximate because they were calculated using spot prices available during preparation.</p><p class="text-left mb-4 ">Ethena will release approximately 172.7 million ENA to core contributors on October 5. At an ENA price of around $0.237, the unlock is worth approximately $40.9 million and represents about 1.88% of the reported supply measure.</p><p class="text-left mb-4 ">Hyperliquid’s scheduled HYPE unlock for core contributors on October 6 is worth approximately $337.5 million. A spot price near $90 puts the scheduled amount at around 3.75 million HYPE.</p><p class="text-left mb-4 ">Tokenomist displays a mismatch between the scheduled unlock and the broader committed vesting figure for the same event. This calendar uses the narrower $337.5 million scheduled value, while the amount that becomes claimable or moves on-chain could differ.</p><p class="text-left mb-4 ">Aerodrome will release approximately $3.53 million in AERO on October 8. Aptos’s roughly $9.13 million APT unlock on October 11 will be joined by approximately $4.29 million in PEAQ and $2.7 million in IO.</p><p class="text-left mb-4 ">The PEAQ unlock stands out with a reported ratio of 3.73%. The io.net schedule shows that approximately 15.88 million IO will become available on October 11.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Applied Digital will report earnings</h2><p class="text-left mb-4 ">Applied Digital, which has shifted from blockchain workloads toward artificial intelligence and high-performance data-centre infrastructure, will report its fiscal first-quarter results on October 7. The conference call will begin at midnight on Thursday, October 8, in Türkiye because of the time difference.</p><p class="text-left mb-4 ">The report covers the fiscal quarter that ended on August 31. Investors will monitor data-centre rental income, energy expenses, newly operational capacity and the company’s capital requirements.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">TOKEN2049 begins in Singapore</h2><p class="text-left mb-4 ">TOKEN2049 Singapore will take place at Marina Bay Sands on October 7–8. The programme will focus on crypto infrastructure, stablecoins, institutional capital, tokenisation and regulatory developments across Asia.</p><p class="text-left mb-4 ">The broader TOKEN2049 Week programme runs from October 5 to 11. CoinFerenceX will take place on October 5–6, Solana Summit Singapore on October 6 and RWA Summit Singapore on October 9.</p><p class="text-left mb-4 ">ETH Lagos will hold its conference and parallel hackathon from October 8 to 10. The event will bring together Ethereum developers and Web3 projects from across Africa.</p><p class="text-left mb-4 ">No separate binding, high-impact DAO vote with a confirmed deadline during the week was identified. Gitcoin’s proposal to lower the participation threshold for Snapshot votes from 2.5 million GTC to 1.5 million GTC remains at the forum discussion stage.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">This week’s 30-event crypto calendar</h2><p class="text-left mb-4 ">All times are Türkiye time, UTC+3.</p><ol class="list-decimal list-inside my-4"><li>October 5: Russia’s registration rules for crypto-market entities take effect.</li><li>October 5: Approximately $40.9 million in ENA unlocks.</li><li>October 5, noon: Binance delists three perpetual contracts.</li><li>October 5, 5:00 p.m.: US ISM services PMI.</li><li>October 5–6: CoinFerenceX Singapore.</li><li>October 6: Approximately $337.5 million in scheduled HYPE unlocks.</li><li>October 6: Solana Summit Singapore.</li><li>October 6, noon: Euro-area retail sales for August.</li><li>October 6, 3:30 p.m.: US trade balance for August.</li><li>October 7, 1:00 a.m.: Dallas Fed President Lorie Logan speaks.</li><li>October 7, 7:30 a.m.: Reserve Bank of India interest-rate decision.</li><li>October 7, 11:00 a.m.: Bybit closes SCOR and AGI deposits.</li><li>October 7–8: TOKEN2049 Singapore.</li><li>October 7, 9:00 p.m.: Minutes from the Fed’s September FOMC meeting.</li><li>October 8, midnight: Applied Digital earnings conference call.</li><li>October 8: Approximately $3.53 million in AERO unlocks.</li><li>October 8, 11:00 a.m.: Bybit ends SCOR and AGI spot trading.</li><li>October 8, 2:30 p.m.: ECB minutes from its September meeting.</li><li>October 8, 3:30 p.m.: US initial jobless claims.</li><li>October 8–10: ETH Lagos conference and hackathon.</li><li>October 9, approximately 12:25 a.m.: XRP Ledger PermissionDelegationV1_1 activation.</li><li>October 9, 3:30 p.m.: Canada’s September employment report.</li><li>October 9, 5:00 p.m.: Preliminary University of Michigan consumer sentiment.</li><li>October 9, approximately 5:12 p.m.: XRP Ledger fixBatchV1_2 activation.</li><li>October 9, approximately 5:46 p.m.: XRP Ledger BatchV1_1 activation.</li><li>October 9, 10:00 p.m.: Robinhood disables sales of BERA, EOS, PAXG and TIA.</li><li>October 9: RWA Summit Singapore.</li><li>October 11: Approximately $9.13 million in APT unlocks.</li><li>October 11: Approximately $4.29 million in PEAQ unlocks.</li><li>October 11: Approximately $2.7 million in IO unlocks.</li></ol><p class="text-left mb-4 ">The scheduled HYPE release represents the week’s largest crypto-specific supply risk by dollar value. Fed minutes, the RBI’s decision, services-sector data and oil prices above $100 could have a greater influence on the direction of the wider market.</p>

5 Oct 2026
Bullish Bitcoin Bets Build as Dominance Nears 60%

Bullish Bitcoin Bets Build as Dominance Nears 60%

<p class="text-left mb-4 ">Risk appetite strengthened across the crypto market as Bitcoin reached $86,500. Bitcoin’s share of total cryptocurrency market capitalization approached 60%, while growing derivatives positions highlighted traders’ bullish expectations. However, the recovery in leverage also brought potential losses from a price reversal into focus.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin open interest rises by $2.3 billion</h2><p class="text-left mb-4 ">According to CoinGlass data, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> open interest increased from approximately 626,000 BTC to 653,000 BTC starting September 30. That represents an additional 27,000 BTC, worth roughly $2.3 billion, in outstanding positions.</p><p class="text-left mb-4 ">The increase of approximately 4.3% brought total open interest to $56.2 billion. Over the same period, Bitcoin’s price climbed from around $83,500 to $86,500.</p><p class="text-left mb-4 ">Open interest measures the total number of outstanding futures contracts that have not yet been closed or settled. An increase alongside rising prices suggests new positions are accompanying the rally; it does not, on its own, mean all those positions are bullish.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Funding rates reflect bullish expectations</h2><p class="text-left mb-4 ">Rising funding rates in perpetual futures also indicate that buyers are taking on more risk. When funding is positive, traders holding long positions pay those holding short positions.</p><p class="text-left mb-4 ">Higher funding may suggest that traders are willing to bear greater costs to maintain their bullish positions. However, the recovery in open interest followed levels seen in late September that were close to a one-year low.</p><p class="text-left mb-4 ">The starting point therefore matters when assessing the recent increase. More expensive long positions can leave leveraged traders more vulnerable to a sudden price decline.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin’s market share approaches 60%</h2><p class="text-left mb-4 ">Bitcoin’s dominance also stood out in the spot market. The largest cryptocurrency’s share of total market capitalization <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noopener noreferrer" class="text-primary underline">approached 60%</a>, while the share held by dollar-pegged USDT slipped to approximately 6.3%.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-10-02-160253-ae94b265.webp" alt="Ekran görüntüsü 2026-10-02 160253.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">This pattern may suggest that investors are becoming more comfortable taking risks. However, a decline in USDT’s market share does not, by itself, show how much money has left stablecoins; rising valuations elsewhere in the crypto market can also push the ratio lower.</p><p class="text-left mb-4 ">Several altcoins joined Bitcoin’s advance. Ethereum, XRP, Solana and BNB rose, while SKY, AAVE and APT stood out among the 100 largest cryptocurrencies by market capitalization, gaining between 7% and 10%.</p><p class="text-left mb-4 ">The picture shows that rising altcoin prices and increasing Bitcoin dominance can occur simultaneously. Because dominance measures relative market capitalization, faster growth in Bitcoin’s value can increase its share even as other assets post gains.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">U.S. employment data falls short of expectations</h2><p class="text-left mb-4 ">The market activity began before the release of the U.S. employment report on October 2. The subsequent figures showed that nonfarm payrolls increased by 29,000 in September, below expectations of 90,000.</p><p class="text-left mb-4 ">The unemployment rate rose from 4.1% to 4.2%. August’s payroll gain was also revised down from 162,000 to 133,000.</p><p class="text-left mb-4 ">The weaker employment picture was viewed as potentially giving the Federal Reserve room to hold interest rates steady despite elevated inflation. Alongside strengthening crypto demand, the direction of monetary policy therefore remained in focus for investors.</p>

2 Oct 2026
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations

Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations

<p class="text-left mb-4 ">Bitcoin climbed back to $87,000 after U.S. employment data fell short of expectations. Nonfarm payrolls increased by 29,000 in September, while the unemployment rate stood at 4.2%.</p><p class="text-left mb-4 ">The figures, released on Friday, October 2, at 8:30 a.m. ET, weakened expectations for another Fed rate hike in October. <a href="https://jrkripto.com/en/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> extended its earlier gains in the first few minutes after the release.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-10-02-15-42-06-4071a0e7.webp" alt="BTCUSDT_2026-10-02_15-42-06.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">U.S. job growth reaches roughly one-third of expectations</h2><p class="text-left mb-4 ">The U.S. economy added 29,000 nonfarm jobs in September. The figure fell 60,000 short of the 89,000 forecast listed on the economic calendar followed for this report.</p><p class="text-left mb-4 ">Job growth therefore amounted to roughly one-third of expectations. The figures showed that hiring continued, although at a considerably slower pace than anticipated.</p><p class="text-left mb-4 ">The unemployment rate also exceeded the 4.1% forecast, reaching 4.2%. Together with slower hiring, this reinforced the labor market’s importance in monetary policy assessments.</p><p class="text-left mb-4 ">Previous figures also saw a downward revision. According to the Financial Times, August’s payroll gain was revised from the initially reported 162,000 to 133,000.</p><p class="text-left mb-4 ">The report therefore brought more than a disappointing September figure. The August revision also showed that the previous month’s hiring performance was weaker than initially reported.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin reaches $87,000 after the release</h2><p class="text-left mb-4 ">Bitcoin was trading above $86,000 before the jobs report. At that point, its gain over the previous 24 hours was approximately 2%.</p><p class="text-left mb-4 ">According to the first price update after the release, Bitcoin returned to $87,000 at 8:32 a.m. ET. The rally that began before the report continued immediately afterward.</p><p class="text-left mb-4 ">This distinction matters when assessing the price movement. Bitcoin’s entire daily gain did not occur after the jobs report; the cryptocurrency was already rising ahead of the release.</p><p class="text-left mb-4 ">The $87,000 level reflects the initial reaction to the data. Subsequent buying and selling will determine whether the price can hold that level.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Expectations for an October Fed rate hike weaken</h2><p class="text-left mb-4 ">U.S. short-term interest rate futures rose after the weaker-than-expected employment figures. Traders reduced positions anticipating an additional Fed rate hike in October.</p><p class="text-left mb-4 ">For the crypto market, the key connection was the employment outlook’s effect on interest rate expectations. Weaker hiring brings renewed attention to the potential economic consequences of further monetary tightening.</p><p class="text-left mb-4 ">A lower probability of rate hikes could ease pressure on risk assets. Bitcoin’s initial reaction suggests that investors may have interpreted the report along those lines.</p><p class="text-left mb-4 ">However, reduced expectations for a rate hike do not automatically translate into expectations for a rate cut. Markets could also place greater weight on a scenario in which the Fed holds rates steady.</p><p class="text-left mb-4 ">A single employment report does not determine the Fed’s decision. Inflation trends, wage developments and economic activity remain relevant to its policy assessment.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto markets watch for further gains</h2><p class="text-left mb-4 ">The initial price movement showed Bitcoin’s continued sensitivity to macroeconomic data. Subsequent trading will reveal how strongly the shift in interest rate expectations translates into demand for crypto assets.</p>

2 Oct 2026
Standard Chartered’s 2030 Price Targets for 4 Altcoins
Standard Chartered’s 2030 Price Targets for 4 Altcoinsabout 7 hours ago
4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Grow
4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Growabout 8 hours ago
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stage
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stageabout 10 hours ago
Bullish Bitcoin Bets Build as Dominance Nears 60%
Bullish Bitcoin Bets Build as Dominance Nears 60%3 days ago
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations3 days ago
Standard Chartered’s 2030 Price Targets for 4 Altcoins
Standard Chartered’s 2030 Price Targets for 4 Altcoinsabout 7 hours ago
4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Grow
4 Crypto Treasury Companies Announce New Purchases as Bitcoin and Ethereum Reserves Growabout 8 hours ago
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stage
Crypto This Week: 30 Events in Focus as Fed Minutes Take Center Stageabout 10 hours ago
Bullish Bitcoin Bets Build as Dominance Nears 60%
Bullish Bitcoin Bets Build as Dominance Nears 60%3 days ago
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations
Bitcoin Returns to $87,000 as U.S. Jobs Growth Misses Expectations3 days ago

Daily Market Data

Hot News

Economics Calendar

Trending News

Fear Index & Heatmap

Fear & Greed Index

Market Dominance

Coin Leaderboards

Trend Coins

trend

Biggest Gainers

trend

Biggest Losers

trend

Long/Short & Token Unlocks

BTC Long/Short Ratio

Token Unlocks

Cryptocurrency CalendarOctober 5, 2026
Light mode logo
Do you have any questions?Feel free to send us your questions or request a free consultation.
© 2026 All rights reserved