'Uptober' Off With a Bang as Bitcoin Surges to $86K

In brief

• 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.

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. It remains about 31% below the record it set a year ago.

The move follows Wednesday's inflation reading. August core PCE came in at 3.0% against expectations of 3.3%, and the repricing that followed has swung the odds toward the Federal Reserve holding rates at its October 28 meeting. Futures put a hold at 74%, according to CME's FedWatch tool, against 35.8% a week ago, and traders on Myriad, a prediction market owned by Decrypt’s parent company Dastan, price it at 75%. The shift came from an even split as recently as September 29, Nexo analyst Iliya Kalchev told Decrypt.

$86.8k$85.4k$84.0k$82.7k

24h HighHigh$86,794

24h LowLow$83,457

VolVol$1.9B

Market projectionsOdds by Myriad