Bitcoin fell below $84,000 on October 2, 2026, after briefly rising above $87,000 for the first time in about ten days. The reversal followed a softer-than-expected U.S. jobs report that initially lifted risk assets, with Bitcoin jumping from $86,000 to $87,200 before being rejected at the multi-day high. It then dropped to $85,500 and accelerated lower, losing well over $3,000 in hours. Total crypto liquidations exceeded $570 million over 24 hours, including $186 million in one hour, with long positions representing 99% of the hourly figure. The broader crypto market lost almost $80 billion from its peak, falling to $2.880 trillion. Ethereum later traded $100 below its $2,750 intraday level, XRP declined from $1.55 to $1.45, and ZEC, DOGE, LINK, XMR and ADA posted daily losses of as much as 7%. The move contrasted with supportive macro signals from the jobs report and an earlier PCE report, suggesting leverage and internal market positioning were important drivers of the decline. A separate September 30 report said Lighter (LIT) fell below $4 after Robinhood shifted its focus to BitStamp for eligible U.S. perpetual futures, triggering $7.2 million in liquidations. Traders are watching whether Bitcoin can recover the $85,000-$86,000 area and whether LIT can reclaim $4.00, while upcoming U.S. economic data and Federal Reserve policy expectations could affect risk appetite.