Bitcoin ETF · Bitcoin · Federal Reserve (FED) · New York · Decrypt
'Uptober' Off With a Bang as Bitcoin Surges to $86K
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Bitcoin was trading at $86,757 on Friday, up 3% over 24 hours and 2% on the week, according to CoinGecko data, after a September that broke the month's losing reputation.
Key facts
- Spot Bitcoin ETFs took in $2.65 billion in September, behind only August's $3.52 billion since October 2025, and $6.34 billion across the third quarter, according to SoSoValue
- Options show "a market hedged against a drawdown but positioned for continuation," Kalchev said, with protection at $80,000 and below and calls at $89,000 to $92,000
- Kalchev counts inflows on 10 of the last 11 sessions, totaling roughly $3 billion
- Nonfarm payrolls rose 29,000 in September against forecasts of about 90,000, the Bureau of Labor Statistics said, and unemployment edged up to 4.2%
Summary
Bitcoin traded at $86,757 Friday, up 3% on the day and 2% over the week. August core PCE came in at 3.0% against 3.3% expected, and futures now put a hold at the October FOMC at 74%, from 35.8% a week ago. Spot Bitcoin ETFs took in $6.34 billion in the third quarter, but net inflows for 2026 remain under $1 billion. The move follows Wednesday's inflation reading.