Michaël van de Poppe, the founder of MN Trading and a market analyst, posted on X on Friday, October 2, 2026, that the latest unemployment data suggests the Federal Reserve will likely maintain current interest rates. Van de Poppe observed, "The unemployment data is 4.2% vs 4.1%. Essentially, there's no data in there. The FED is likely going to remain rates unchanged, which means that we won't have rate cuts. That means = bullish for #Bitcoin. Rates slowly upwards and/or stable is completely fine for the markets. Rate cuts = the end of the bull run."
This analysis follows recent discussions around monetary policy, with Nick Timiraos reporting that the labor report is unlikely to trigger an October Fed rate hike. The Kobeissi Letter also reported a drastic drop in expectations for a rate hike this month. Bitcoin is currently trading at $85,683, up 2.0% over the last 24 hours, during increased institutional interest, as evidenced by Bitcoin ETF inflows hitting $102.67 million.
Van de Poppe's view implies that a stable interest rate environment, rather than rate cuts, provides a favorable backdrop for Bitcoin. He suggests that rate cuts would signal the conclusion of the current bull run, indicating that markets perform well with predictable and steady policy. Investors may therefore watch for continued stability in Fed policy and economic data points like unemployment figures.
