Bitcoin price has slipped toward $84,000 after failing to hold its latest push above $87,000, while daily momentum has weakened and liquidation clusters have formed on both sides of the market. CoinGecko recorded Bitcoin at approximately $84,575 on Oct.
Bitcoin surged beyond the $87,000 threshold on Friday, October 2, 2026, driven by disappointing US employment figures that triggered a decline in Treasury bond yields.
U.S. Bitcoin ETFs recorded provisional net inflows of $82.9 million for Sep. 28–Oct. 2, while Ethereum ETFs posted $118 million in net outflows, according to Farside Investors. Bitcoin's reported weekly intake fell sharply from $2.
BlackRock's significant Bitcoin acquisitions via IBIT highlight a shift towards institutional investment in regulated crypto products, influencing market dynamics. BlackRock's IBIT buys $195.6 million of Bitcoin in a day, $1.57 billion over the past month.
This week's stories spanned institutional forecasts, security failures and new crypto products. Citi raised its 12-month bitcoin target to $113,000 and projected $5 billion in crypto fund inflows. NEAR Intents disclosed a $3.8 million exploit, while Zano rewound its chain by 30 days after more than $200 million in illicit token minting.
The 30-day increase was about $12.8 billion through Oct. 2, compared with a 0.66% growth rate a month earlier.
In this week's edition of the weekly recap, Bitcoin struggled to hold its rebound as U.S. ETF buying returned, Bitget restored major-asset withdrawals after its $387.5 million breach, and Chainlink outlined banks' access to Swift's blockchain ledger.
October is also known as Uptober in the crypto community - will it live to the hype?
The trader identified $80,000–$83,000 as key in the short term and $74,000–$77,000 as a possible capitulation area.
The SEC's approval signals a shift in regulatory stance, potentially increasing market volatility and investor risk in the crypto sector. SEC approves 3x leveraged Bitcoin and Ether ETPs, but trading has to wait.
Strategy's bitcoin holdings underpin a business that raises capital and pays investors dollar dividends. Michael Saylor outlined how the company manages cash, financing costs, and different shareholder rights to sustain that income while pursuing bitcoin accumulation.
Bitcoin climbed 3% to a weekly high of $86,912 amid ETF inflows.