Bitcoin News Today: Can SEC's 3X ETP Rule Support BTC After the Fall? Bitcoin touched the $87,000 zone on Friday, then fell back. BTC now trades near $84,589, down 2.09% in 24 hours, after a
Bitcoin touched the $87,000 zone on Friday, then fell back. BTC now trades near $84,589, down 2.09% in 24 hours, after a heavy week of US economic news. At the same time, spot Bitcoin ETF flows have also turned thin on October 2.
So, why did weak US payroll data put pressure on Bitcoin, and could the October 14 CPI report trigger another move?
The 24-hour chart is simple. Price began near $86,130, rose to about $87,000, then fell to a low near $84,000 and steadied around $84,500. Crypto news today shows the wider market is soft too.
BTC price snapshot from CoinMarketCap as of October 3:
Price: $84,589.10 (down 2.09% in 24 hours)
Market cap: $1.69 trillion
24-hour volume: about $33.5 billion, down 12.83%
Supply: 20.09 million BTC in circulation, out of 21 million
Treasury holdings: 1.34 million BTC
The crypto market today holds about $2.98 trillion in total value, with Bitcoin dominance at 57.1%.
For why Bitcoin is down today, it has three drivers:
Broader market weakness, with one summary linking the move to gold
A failed push above $86,500 resistance, as per CoinMarketCap
Slower spot Bitcoin ETF inflows since September
The first driver traces back to the jobs report.
US Payroll data, current report versus prior months:
Jobs added: 29,000, against forecasts of roughly 84,000 to 90,000
August: revised down to 133,000 from 162,000
July: revised to a loss of 10,000 jobs from a gain of 21,000
Unemployment: 4.2%, up from 4.1%
Bitcoin news traders read this two ways. Weak hiring lowers the odds of another Fed rate hike, which usually helps risk assets, so BTC rose at first. But slower hiring also signals a cooling economy, and the revisions erased 60,000 jobs. That second reading won out.
The next test is the September CPI data set to release on October 14. The previous report, August report, showed:
Monthly CPI: up 0.4%, after 0.1% in July
Annual CPI: 3.4%, unchanged from July
Core CPI: 2.4% annual, down from 2.5%
These numbers matter because the Fed raised rates to 3.75%-4% on September 16, its first hike since 2023. Markets still expect another in December, and CPI helps decide that. Possible outcomes for Bitcoin news:
Hotter than 3.4%: hike odds rise, and BTC could test $80,000
In line: little change, with ETF flows taking over
Cooler: hike fears ease, and a move toward $87,000 becomes likelier
These are general patterns, not forecasts.
Crypto ETF data adds a third clue to this Bitcoin update. On October 2, per SoSoValue's tracker:
Bitcoin ETF: net inflow of $31.69 million, with Fidelity adding $29.28 million
Total net assets: $109.16 billion
Cumulative net inflow: $57.63 billion
Ether ETF: outflow of $17.25 million
XRP ETF: first October outflow, $3.28 million
Solana ETF: inflow of $1.30 million
A BTC ETF market needs steady buying to support price, and Bitcoin news on flows will matter next.
Two social-media views frame the risk in Bitcoin news today moving ahead. Analyst Ted (@TedPillows) says the $87,000 area acted as a ceiling. He wants a weekly close above $87,500 for a strong rally, and warns of a possible drop below $80,000 otherwise.
Another market expert with the account name @AshCrypto, drew attention to Bitcoin’s historical price action. It noted that Bitcoin hit cycle lows when the Fear and Greed Index fell to 5 in 2019, 6 in 2022, and 5 in 2026. The pattern raises the question of whether $57,800 marked the latest bottom.
What Could Help Bitcoin Price: SEC's New 3x ETP Rule
The biggest new item in Bitcoin news is a rule from the SEC. On October 2, rule change SR-CboeBZX-2026-065, which lets Cboe BZX list six 3x leveraged ETPs from Volatility Shares' VS Trust. They target triple the daily return of Bitcoin, Ether, gold, silver, crude oil and natural gas, the first US approval of 3x crypto products.
Source: SEC Official
Nothing can trade yet, though. The trust's S-1 registration must become effective first, and no launch date exists. The risk is also clear.
Other Bitcoin news factors that could help:
A cooler CPI report on October 14
Steady buying from ETF funds
Weak jobs data keeping October hike odds low
Uptober, the nickname for October's strong past record, though seasonal patterns are not promises
Bitcoin crypto news readers should expect volatility around each date.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
