TL;DR
Get hardware and tech essentials delivered free — and shop member deals
- Fast, free delivery on millions of items
- Access to Prime Big Deal Days deals on October 6–7
- Prime Video, Amazon Music and more included
Bitcoin climbed to just below $86,950 early Monday, coming within about $500 of its late-September high near $87,400, then retreated to just under $86,000. It remained up about 1.3% over 24 hours as traders weighed softer U.S. jobs data and falling Treasury yields.
Bitcoin rose to just under $86,950 early Monday, coming within about $500 of its late-September high near $87,400, before reversing to just under $86,000 during Asian morning trading. The cryptocurrency was still up about 1.3% over 24 hours, according to CoinDesk data, as traders responded to softer U.S. jobs data and movement in bond yields and global markets.
The rally gathered pace late Sunday, lifting bitcoin above $86,000 to a peak just shy of $86,950. It then gave back about $1,000. The pullback left it below the late-September peak and marked the second push in a week that stalled short of that level, CoinDesk reported.
Other major cryptocurrencies also advanced. Dogecoin gained more than 3% to just under 10 cents, while XRP, BNB and ZEC rose between 1% and 2%. Ether and HYPE were up less than 1%, and SOL and TRX were roughly flat, according to CoinDesk data.
The report linked the broader risk-asset mood in part to softer U.S. jobs data released Friday, which eased some pressure on the Federal Reserve to keep raising rates. The 10-year Treasury yield fell two basis points to 5.25%, a level still close to its highest since 2002. These market developments provide context for the bitcoin move, but do not establish a single cause for its rise or reversal.
Bitcoin Still Faces the $87,400 Barrier
The retreat matters because bitcoin has again failed to hold a move toward its late-September high near $87,400. CoinDesk reported that a daily close above $87,000 would be the first sign buyers could push through that earlier high. Monday’s intraday peak did not meet that test, and the price later fell back below $86,000.
For readers tracking digital assets, the episode shows why an intraday surge is different from a sustained move or a daily close above a watched level. Bitcoin was still positive over 24 hours at the reported time, but the reversal shows that its gains remained vulnerable. Crypto prices can move sharply, and investors can lose money; the report does not establish what prices will do next.
The surrounding market picture was mixed rather than uniformly supportive. Stocks rose, but the U.S. dollar strengthened, and the 10-year yield remained elevated despite its small decline. That combination cautions against treating the bitcoin rally as proof of a broad or lasting shift in financial conditions.
As an affiliate, we earn on qualifying purchases.
A Second Attempt Since Late September
Bitcoin’s Monday move followed another rally the previous week. On Wednesday, it reached about $85,500 after a softer U.S. inflation report, then gave back the gains within hours, according to CoinDesk. Both moves occurred amid changing expectations about U.S. interest rates, but each stalled below the late-September high near $87,400.
Other markets advanced on Friday and into Monday. The Nasdaq 100 closed at a record on Friday, while MSCI’s Asia Pacific equities index rose 1% and Japan’s Nikkei 225 gained 2.5%. Brent crude fell 0.7% to about $101.50 a barrel after Saudi Arabia cut prices for its benchmark grade to Asia. At the same time, a Bloomberg gauge of the U.S. dollar rose 0.4%; the euro fell to its weakest level since May 2025 amid reports that Spain was preparing for an early election.
The 10-year Treasury yield’s two-basis-point decline to 5.25% was modest, and the report said it remained near its highest level since 2002. CoinDesk noted that a continued fall in the yield could bring the prior bitcoin high closer, but that was a conditional observation—not confirmation that the yield or bitcoin would move in that direction.
As an affiliate, we earn on qualifying purchases.
Whether Bitcoin Can Hold Its Gains
The reported prices describe a developing market move: bitcoin was just under $86,000 during Asian morning hours and remained up over 24 hours, but the account does not give a later price or a settled daily close. It is not yet clear whether the pullback will continue, whether bitcoin will retest $87,000, or whether it can close above that threshold.
The source identifies softer U.S. jobs data, rate expectations and Treasury yields as relevant market factors, but does not prove that any one of them caused bitcoin’s rally or reversal. It also provides no detailed jobs figures, no bitcoin trading-volume data, and no explanation for the exact timing of the price swings. Its reference to a possible approach to the high if yields keep falling is conditional, not a forecast.
As an affiliate, we earn on qualifying purchases.
The Daily Close and Treasury Yields
The next price marker highlighted in the report is $87,000 on a daily closing basis, followed by the late-September high near $87,400. A close above $87,000 could indicate that buyers are making progress toward that prior peak, but the report does not say such a close has occurred.
Market participants will also be watching whether the 10-year Treasury yield continues to fall and how investors respond to economic data and interest-rate expectations. Those developments may influence broader market sentiment, but neither guarantees a particular bitcoin move. The price and whether it can hold any rebound remain subject to change.
As an affiliate, we earn on qualifying purchases.
Key Questions
How high did bitcoin rise on Monday?
Bitcoin peaked just shy of $86,950 early Monday, according to CoinDesk. That put it about $500 below the late-September high near $87,400.
Where was bitcoin trading after the reversal?
CoinDesk reported that bitcoin had fallen to just under $86,000 during Asian morning hours on Monday, while remaining up about 1.3% over 24 hours at that time.
Did bitcoin set a new eight-month high?
No new high was reported. Bitcoin approached the late-September peak near $87,400 but did not reach it; the report described the move as coming close to an eight-month high.
What market factors accompanied bitcoin’s move?
The report cited softer U.S. jobs data, expectations about interest rates, and a two-basis-point fall in the 10-year Treasury yield to 5.25%. It also reported gains in several stock markets. These are market-context details, not proof of a single cause for bitcoin’s price change.
What price level is being watched next?
CoinDesk identified a daily close above $87,000 as a possible early sign that buyers could challenge the late-September high near $87,400. Bitcoin had not reached that closing milestone in the report, and crypto prices remain volatile with a risk of loss.
Source: rss
Halloween Picks
halloween
As an affiliate, we earn on qualifying purchases.
