Bitcoin gains more than 2%, trades around $86,000 as October begins

  • Bitcoin extended its rebound above a key resistance band.
  • Bitcoin traded around $86,000 and gained more than 2% in 24 hours.
  • October’s advance renewed debate over the seasonal "Uptober" rally.

Bitcoin is trading around $86,000 at the start of October after gaining more than 2% in 24 hours. The rebound has lifted the largest cryptocurrency above a key resistance band and revived debate over whether the seasonal "Uptober" rally can hold. Softer U.S. inflation data supported the move.

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