$BTC Bitcoin enters October trading around $83,000, after a quarter that crypto traders will remember. BTC closed out its strongest quarter since 2024, while ether had its best since 2021. Over the past month, BTC gained roughly 7%, the S&P 500 barely moved and gold fell more than 6%. (CoinDesk) (coingape)
What moved the market today
Softer US inflation data pushed BTC above $84,000 and briefly toward $85,500. That rally faded because bond yields refuse to fall, which keeps pressure on risk assets. Bitcoin is now back in the low $83Ks, and the 24-hour range is about $82,950 to $85,518. (CoinDesk) (coingecko)
Majors snapshot
BNB trades near $762, ETH near $2,651, SOL near $118, and most majors are down 2% to 4% on the day. That looks like a pause after a strong run rather than a trend reversal. (coingape)
Institutional flows
Bitcoin ETFs continued their inflow streak, while ether funds saw outflows. Institutions still favor BTC over altcoins for now. (CoinDesk)
Key levels to watch
Support: about $82,300, then the 20-day average near $81,700
Resistance: about $84,500, then $85,500
Bigger picture: the all-time high of $126,080 is still about 34% away (coingecko)
BTC sits about 11.7% above its 200-day moving average, so the longer-term trend remains intact. Short-term momentum is cooling, though, and a break below $82,300 could trigger a deeper pullback. (coindcx)
Takeaway
Bitcoin is holding up well against stocks and gold, but inflation data and bond yields are setting the pace. Watch support, manage your risk, and don't chase moves.
