Here's your article based on today's crypto news, October first, twenty twenty-six.
Crypto Market Today: Bitcoin Holds Near $84,000 as Citi Doubles Its Target
Bitcoin opened $TRUMP October trading around eighty-four thousand dollars after a strong September, where it gained roughly forty-three percent — its best quarter since twenty seventeen. Ethereum sits near twenty-seven hundred dollars, up about seventy percent for the quarter, its strongest third quarter on record.
The day's biggest story: Citigroup raised its twelve-month Bitcoin target from eighty-two thousand to one hundred thirteen thousand dollars, and lifted Ethereum from twenty-two forty to three thousand twenty-eight. The bank cited returning ETF inflows and a more supportive macro backdrop.
But the rally isn't without friction. Bitcoin briefly spiked above eighty-five thousand five hundred after August PCE inflation came in below expectations — headline at three point four percent, core at three percent — before giving back gains as Treasury yields climbed back toward five point three percent. Analysts now flag eighty-two thousand as the key support level.
ETF flows turned negative for the first time in nine days, with over two hundred million dollars in combined outflows led by Bitcoin funds. Meanwhile, the CLARITY Act stalled in the Senate, failing a cloture vote forty-nine to fifty, delaying US crypto regulation.
On the stablecoin front, Open USD launched with over one billion dollars in committed liquidity from Coinbase, Mastercard, Stripe, and Visa. And Standard Chartered sees Ethena's USDe supply reaching forty billion dollars by twenty twenty-eight.
The Fear and Greed Index reads sixty-eight — firmly in Greed territory. October, historically crypto's strongest month, is underway.
