Bitcoin tops $86,000 to notch third consecutive weekly gain
Bitcoin climbed past $86,000 on Friday, extending its winning streak to a third consecutive week amid steady ETF inflows and renewed risk appetite heading into October.
Bitcoin climbed above $86,000 on Friday, October 2, 2026, marking its third straight week of gains. The cryptocurrency reached $86,346, up 2.5% to its highest price level since Sept. 23, according to The Block. Outlets and market trackers including CoinGecko, Watcher.Guru, and Cointelegraph documented the reclaim of the $86,000 threshold during early morning trading.[1][2][4][5][7][9][10]
The rapid ascent caught bearish traders off guard. According to market analyst account Bull Theory, approximately $120 million in Bitcoin short positions were liquidated in just 60 minutes as the price moved back over $86,000, adding roughly $40 billion to the total cryptocurrency market capitalization over the same hour.[8]
Bloomberg attributed the rally to investors returning to risk assets at the start of October, while The Straits Times and Quartz credited steady demand and continuous inflows into spot Bitcoin exchange-traded funds. Quartz reported that the market shrugged off broader headwinds, including a Federal Reserve interest rate hike and stalled cryptocurrency regulation in the U.S. Senate. Additionally, CoinDesk reported that Bitcoin gained roughly 3% in October as traders watched for September U.S. jobs data while rising Treasury yields and a stronger U.S. dollar pressured wider markets.[3][5][6][7][9]
Key facts
- Bitcoin climbed above $86,000 on Friday, October 2, 2026, marking its third consecutive weekly gain.
- Bitcoin traded at $86,346, up 2.5% on the day to its highest level since Sept. 23, according to The Block.
- Bull Theory reported that $120 million in Bitcoin shorts were liquidated within 60 minutes as the price reclaimed $86,000, adding $40 billion to total crypto market capitalization.
- Bloomberg attributed the rally to investors returning to risk assets heading into October.
- The Straits Times and Quartz attributed the multi-week price rise to strong and steady demand for Bitcoin exchange-traded funds.
- Quartz reported the advance came despite a Federal Reserve interest rate hike and stalled crypto regulation in the U.S. Senate.
- Bitcoin gained roughly 3% in October as traders awaited U.S. jobs data while rising bond yields and a stronger dollar weighed on broader markets, per CoinDesk.
Sources · 9 sources
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- CO
Cointelegraph@CointelegraphPost on X ·
🔥 NOW: bitcoin:native reclaims $86,000. https://t.co/w9nsL8ddmu
Open source - CO
CoindeskArticle ·
Bitcoin tops $86,000 ahead of U.S. jobs report Bitcoin is up roughly 3% in October as traders await September’s jobs data, while rising bond yields, a stronger dollar weigh on broader markets.
Open source - CO
CoinGecko@coingeckoPost on X ·
JUST IN: Bitcoin reclaims $86,000. https://t.co/vxYO5FqIXT
Open source - BL
Bloomberg@businessPost on X ·
Bitcoin climbed above $86,000 on Friday, extending its rebound into a third straight week as investors returned to risk assets heading into October https://t.co/vLbutXW1Pf
Open source - TS
The Straits Times@straits_timesPost on X ·
Bitcoin rises for third straight week on strong ETF demand https://t.co/1rB5TErDnj
Open source - QU
Quartz@qzPost on X ·
Bitcoin just shrugged off a Fed hike and a failed crypto bill: Bitcoin has notched three straight weekly gains, climbing past $86,000 on the back of steady ETF inflows — and it barely flinched at a Fed rate hike or the Senate's stalled crypto… dlvr.it/TVllTv #Bitcoin #Crypto https://t.co/jgk77L0bTN
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Bitcoin reclaims $86,000, liquidating $120 million in shorts in just 60 minutes. $40 billion added to crypto market cap over the same period. https://t.co/CN80sRg8LB
Open source - QU
Quartz@qzPost on X ·
Bitcoin just shrugged off a Fed hike and a failed crypto bill Bitcoin has notched three straight weekly gains, climbing past $86,000 on the back of steady ETF inflows — and it barely flinched at a Fed rate hike or the Senate's stalled crypto regulat #Bitcoin #CryptoETF #Uptober https://t.co/hfPduxrsTQ
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin is trading at $86,346, up 2.5% to its highest level since Sept. 23. bitcoin:native https://t.co/a0cwCjIZAH
Open source