Bitcoin climbs past $86,000 as Citi raises price forecast
Bitcoin briefly topped $86,885 on October 2, rising from around $83,500 on September 30.
How we got here
- The U.S. Senate failed to advance the Clarity Act as bitcoin subsequently gained more than 10%. Coindesk
- U.S. spot bitcoin ETF daily inflows peaked near $1 billion during a flow streak. Coindesk
- Citi raised its 12-month bitcoin forecast from $82,000 to $113,000. Coindesk
- Early reporting said bitcoin had briefly topped $86,885 as traders awaited the September U.S. jobs report. Coindesk
- The FOMC scheduled a two-day meeting to begin. Gov
What's likely next
- The BLS’s September Employment Situation report was scheduled for October 2, 2026, at 8:30 a.m. ET; early reporting cited forecasts of 90,000 payroll gains and a 4.1% unemployment rate.
All coverage
The coverage
Analysis & opinion
- Bitcoin price outlook October 2026: Will BTC USD hit $90,000 after a 43.8% rally as Fed rate hike, oil aboThe Economic Times · Oct 1
- It's the Start of Uptober. Will Bitcoin Live Up to It?Decrypt News · Oct 1
- Will Bitcoin Hit $95,000 by the End of October? A $3.2 Million Options Bet Says Yes.Yahoo Finance · Sep 24
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