Bitcoin rises to $86,500, "October bull market" expectations heat up, non-farm payroll data becomes the focus

On Friday, Bitcoin continued its positive trend at the beginning of October, and the market's expectations for another rise in the cryptocurrency's historically strong month continued to heat up.
The world's largest cryptocurrency by market capitalization rose 3% to $86,650.4, as quoted at 1:01 a.m. Eastern Time (13:01 p.m. Beijing time). The cumulative increase this week reached 2.6%, and it has recorded gains for three consecutive weeks.
Overall cryptocurrency market prices also moved higher, but larger gains were restrained as the market remained cautious ahead of U.S. non-farm payrolls data due later in the day.