Key Takeaways Bitcoin reclaimed $87,000 as September U.S. nonfarm payrolls added just 29,000 jobs, missing forecasts. A soft jobs report sparked rate cut bets, triggering $145 million in short liquidations on Coinglass. The SEC proposed new 1940 Act rules allowing investment advisors to custody crypto assets directly. Bitcoin Reclaims $87,000 Amid Weak Labor Data In price action likely to fuel “Uptober” sentiment, the price of bitcoin reclaimed $87,000 on Friday morning, marking the first time the cryptocurrency has breached the threshold since Sept. 23. The rally coincided with the release of September nonfarm payrolls (NFP) data showing near-flat employment growth …


