Bitcoin News: BTC Nears $87,000 Eight-Month High, Then Reverses

Bitcoin climbed to nearly $87,000 early on Monday, October 5, 2026, peaking just shy of $86,950. That came within about $500 of its eight-month high. Bitcoin then reversed and traded just under $86,000, still up 1.3% over 24 hours.

It is the second push in a week to stall below the late-September high near $87,400.

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Bitcoin Market Data

Figures reported on October 5, 2026:

• BTC intraday peak: just shy of $86,950

• BTC after the reversal: just under $86,000

• BTC 24-hour change: up 1.3%

• Eight-month high (late September): near $87,400

• Gap to that high after the reversal: about $1,300

• Pullback from Monday's peak: about $1,000

• US 10-year Treasury yield: 5.25%, down 2 basis points

• Brent crude: about $101.50 a barrel, down 0.7%

Traders following Bitcoin price action in real time can do so through the SpotX live stream.

Main News: Bitcoin Stalls Below Its Late-September High

The Bitcoin climb built through Sunday and sped up late in the day. It carried the price past $86,000 to a peak just shy of $86,950, before sellers pulled it back by about $1,000.

The same pattern played out last week. On Wednesday, September 30, Bitcoin jumped to $85,500 after a softer US inflation report, then gave the move back within hours.

What Drove the Move: Jobs Data and Yields

Softer US jobs data on Friday eased some pressure on the Federal Reserve to keep raising interest rates. The 10-year Treasury yield fell two basis points to 5.25%, still close to its highest since 2002.

Other markets moved as follows:

• Nasdaq 100: closed at a record on Friday

• MSCI Asia Pacific equities index: up 1%

• Japan's Nikkei 225: up 2.5%

• Brent crude: down 0.7% to about $101.50 a barrel, after Saudi Arabia cut prices of its benchmark grade to Asia

• US dollar (Bloomberg gauge): up 0.4%

• Euro: fell to its weakest since May 2025, on reports that Spain is preparing for an early election

Other Major Cryptocurrencies on Monday

According to CoinDesk data, the rest of the major coins moved as follows alongside Bitcoin:

• Dogecoin (DOGE): up more than 3%, to just under 10 cents

• XRP, BNB and ZEC: each up between 1% and 2%

• Ether (ETH) and HYPE: each up less than 1%

• SOL and TRX: flat

Recent Bitcoin Context

Several Bitcoin developments from the past two weeks set the backdrop for Monday's move:

• Q3 2026 performance: Bitcoin gained more than 40% over the quarter, ahead of gold and the S&P 500.

• ETF inflows: US spot Bitcoin ETFs drew $2.39 billion in the week ending September 25, their best week since October 2025.

• Largest single day: Monday, September 21 brought in $998.95 million, the biggest daily Bitcoin ETF inflow of 2026.

• Gold comparison: on September 28, gold fell close to 4% while Bitcoin slipped only about 1%.

Readers tracking Bitcoin ETF flows and trading activity can follow live data through SpotX.