Bitcoin reclaimed $85,000 on October 2 before the United States released its September employment report.
The Bitcoin price rose out of its slumbers on Thursday and increased $3,400 to a price of $86,800. It was at this point that the price was rejected, falling back to $86,000.
Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.
The IMF praised El Salvador's performance, declaring that its economy continued to perform strongly amidst ongoing security improvements and efforts to reduce imbalances. Nonetheless, the institution highlighted that the bitcoin goals were not met, but issued a waiver based on “strong corrective measures and renewed commitments.
El Salvador receives $138M from the IMF after a Bitcoin breach was waived. The IMF says no more Bitcoin buys are expected beyond donations.
Tether's USDT return to Bitcoin could reduce reliance on wrapped tokens, enhancing privacy and potentially reshaping crypto financial services. Tether brings USDT back to Bitcoin with private transfers and swaps.
Breaching $85K is good news, but for how long?
US spot bitcoin ETFs drew $2.65 billion in September, their second-largest monthly inflow since October 2025, while ether ETFs added $832 million.
Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.
Separate contracts put the odds of reaching $87,500 at 84% and falling to the $80,000 threshold at 45%.
Van de Poppe sees a possible altcoin record test as ETF demand recovers and major tokens approach resistance.
The settlement includes 30,500 Bitcoin contracts and 116,000 Ether contracts. Implied volatility is at a low for the current bull market.