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Bitcoin fails to break $87K, drops to $85.2K amid volatile trading and CFTC crypto rule signals

Market News
05 Oct 2026, 20:15 WIB
Bitcoin
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Neutral
Bitcoin fails to break $87K, drops to $85.2K amid volatile trading and CFTC crypto rule signals

Bitcoin surged to nearly $87,000 on October 5 but quickly fell back to around $85,200, showing high volatility within 24 hours. This price action caused over $109 million in leveraged Bitcoin positions to be liquidated, mostly short bets. Despite the dip, analysts remain optimistic about October's historically bullish trend, dubbed "Uptober." Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) announced a 60-day public comment period on proposed crypto regulations, signaling regulatory clarity that could support long-term digital asset adoption.

While Bitcoin briefly neared $87,000, on Pluang it trades at Rp1.527.921.783 as of Oct 06, 2026 00:23 WIB, showing a modest 0.17% gain over 24 hours. This price sits well within its typical volatility range, supported by a strong market cap of Rp30.711,03 trillion and a high buy interest at 84% of order activity. The circulating supply is near maximum at 20.1 million BTC, reflecting Bitcoin's limited availability as it approaches full issuance.

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