Bitcoin tumbles below $84,000 after failed rally above $87,000

  • Bitcoin fell below $84,000 after reversing from an intraday move above $87,000.
  • Crypto liquidations exceeded $570 million over 24 hours, including $186 million in one hour.
  • Lighter’s LIT fell below $4 after Robinhood shifted eligible U.S. perpetual futures activity to BitStamp.

Bitcoin fell below $84,000 on October 2, 2026, after briefly rising above $87,000 following a softer-than-expected US jobs report. The reversal triggered more than $570 million in crypto liquidations over 24 hours, including $186 million in one hour, 99% of it from long positions. The total crypto market capitalization fell nearly $80 billion to $2.880 trillion. Ethereum, XRP and other major altcoins also declined. Separately, Lighter’s LIT token fell below $4 on September 30 after Robinhood shifted its focus to BitStamp for eligible U.S. perpetual futures, prompting $7.2 million in liquidations.

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