Bitcoin reclaims $86,000 as Strategy resumes purchases in October rally

  • Bitcoin reclaimed the $86,000 level as the cryptocurrency market continued rising in October.
  • $86,000 marked Bitcoin’s recovered price level amid cooling U.S. inflation data.
  • Strategy resumed Bitcoin purchases after expectations of seasonal market strength emerged.

The cryptocurrency market extended its upward momentum into October, with Bitcoin reclaiming $86,000 as cooling U.S. inflation data and expectations of seasonal strength supported prices. News that Strategy, the world’s largest corporate Bitcoin holder, had resumed purchases added further support to the market advance.

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