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Bitcoin Surges Past $86,000 as ETF Demand Fuels Third Week of Crypto Rebound
M
Moneycontrol•02-10-2026, 15:34
Bitcoin Surges Past $86,000 as ETF Demand Fuels Third Week of Crypto Rebound
- •Bitcoin climbed above $86,000, extending its rebound into a third straight week, driven by strong institutional flows into exchange-traded funds.
- •The cryptocurrency gained approximately 40% in the three months through September, marking its biggest quarter since the end of 2024.
- •Despite a sharp selloff last October and a significant drop from its all-time high of $126,000, some traders are optimistically calling a bottom for cryptocurrencies.
- •Bitcoin's resilience comes after it remained largely unaffected by the US Senate's failure to advance a crypto regulation bill and the Federal Reserve's interest rate hike.
- •The current boost aligns with the traditional "Uptober" seasonal trend in crypto markets, with Bitcoin historically posting gains in 10 of the last 15 Octobers.
Key Questions Answered
Bitcoin climbed above $86,200 due to strong institutional flows into exchange-traded funds, which boosted overall market demand.
Bitcoin hit an all-time high above $126,000 in October of last year before experiencing a sharp selloff.
Bitcoin emerged from recent macro trends relatively unscathed, remaining resilient even after the US Senate failed to advance a crypto regulation bill and the Federal Reserve raised interest rates.
