Bitcoin traded between $85,000 and $87,000 on Oct. 6. According to CoinGecko, Bitcoin was at $86,336 around 7 p.m. Taiwan time on Oct. 6, after moving between a 24-hour low of $85,010 and a high of $86,662. The asset was still about 31.5% below its all-time high of $126,080, which was set on Oct. 6, 2025, exactly one year earlier.
Third rejection near $87,000 since Sept. 23
According to CoinDesk, Bitcoin briefly rose above $87,000 on Monday U.S. time before heavy selling pushed it back down. That was the third time since Sept. 23 that the price had been turned away at that level.
Broker FxPro said Bitcoin briefly fell to $85,200 before the start of the European trading session, but it remained near the upper end of its range from the past two weeks. FxPro added that the pattern of higher lows that started early last week is being tested, but has not yet been broken.
FxPro said, “A break below $84,000 would represent a victory for bears.” The broker added that if Bitcoin also falls below the recent low near $83,000, that would confirm a weaker trend and could send the price down to $80,000 relatively quickly.
Treasury yields ease as markets await Fed minutes
CoinDesk said the bond market has seen a temporary pause. U.S. Treasury yields have retreated from their highest levels since 2002, and international oil prices have fallen below $100 a barrel. Treasury Secretary Bessent also said economic growth and spending restraint will “soon” begin to slow government borrowing.
The report said concerns over inflation tied to the U.S.-Iran war, along with bets that the Federal Reserve would keep tightening, had driven a global bond sell-off. That sell-off has now paused for the time being. Minutes from the Fed’s previous meeting are due on Wednesday U.S. time.
Altcoins mixed, with ZEC leading and DOGE lagging
Among major altcoins, CoinDesk data showed ZEC performing best, up nearly 2% to about $1,360. DOGE was the weakest, down nearly 2%. SOL fell 1%, while ETH, XRP and BNB each posted declines of less than 1%.