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Bitcoin holds steady near $84K amid strong trend and Fed rate hikes, with mixed market outlook for October.

Market News
01 Oct 2026
Decrypt
View Source
Neutral
Bitcoin holds steady near $84K amid strong trend and Fed rate hikes, with mixed market outlook for October.

Bitcoin is trading around $83,823, showing a strong uptrend but struggling to break above $84,433. Despite a positive September gain of 6.33%, Bitcoin faces pressure from rising U.S. Treasury yields and recent Federal Reserve rate hikes to 3.75%-4%, which typically favor safer assets over crypto. Market sentiment is cautiously optimistic for October, known as "Uptober," with traders assigning a 65% chance Bitcoin stays above $84,000 and 7% odds for a new all-time high before 2027. Key economic events this month, including inflation data and Fed decisions, will likely influence Bitcoin's near-term price action.

Bitcoin trades at Rp1.520.000.000 on Pluang as of Oct 02, 2026 00:23 WIB, showing a modest 1.01% gain in the last day. The platform records a market cap of Rp30.505,37 trillion and a 24-hour trading volume of Rp561,78 trillion. Buyer interest remains strong with 59% of orders favoring purchases, reflecting ongoing engagement despite market uncertainties.

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