Bitcoin is trading around $83,400 as October begins, supported by persistent institutional buying despite high US 10-year Treasury yields near 5.3%, which limit its price rally. The cryptocurrency briefly rose above $85,000 after softer US inflation data but failed to sustain gains, ending September with a 45% quarterly increase—the best since 2024. US spot Bitcoin ETFs continue to attract capital, with $3.1 billion inflows over nine sessions, showing strong demand even as high bond yields and profit-taking prevent a sustained breakout above $85,000. Ethereum and other major altcoins remain relatively steady, reflecting cautious market sentiment. Bitcoin’s immediate technical challenge is to hold above $83,000 support and break through $85,000 resistance to target higher levels.
Bitcoin's price action as October begins provides context for cryptocurrency market trends on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Oct 01, 2026 11:04 WIB: out of 50 major cryptocurrencies priced on Pluang, 38 rose and 11 fell today. Notable movers include EGLD (MultiversX) up 4.39% at Rp83.203 with a typical hold time of 85 days and a Pluang order activity of 84% Sell / 16% Buy, DOT (Polkadot) up 4.31% at Rp22.470 with a hold time of 121 days and 22% Sell / 78% Buy order activity, and ALGO (Algorand) up 4.11% at Rp2.328 with a hold time of 129 days and 74% Sell / 26% Buy order activity.
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