Bitcoin keeps getting rejected at $87,000 as stocks hover near records
Published . Updated .
BTC fell back to about $85,600 after sellers turned it away from $87,000 for the third time since Sept. 23, while Nasdaq closed at a record and Treasury yields kept climbing.
Directly affected
- NDAQ Nasdaq
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- TLT iShares 20+ Year Treasury Bond
Long-term bonds move when yields change
- IEF iShares 7-10 Year Treasury Bond
Treasury bonds move when yields change
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- SHY iShares 1-3 Year Treasury Bond
Short-term bonds move when the Fed changes rates
- SPY SPDR S&P 500
Stocks move when the Fed changes the rate path
Price reaction, T-5 to T+3
BTC fell back to about $85,600 after sellers turned it away from $87,000 for the third time since Sept. 23, while Nasdaq closed at a record and Treasury yields kept climbing.
Source: CoinDesk
Bitwise Bitcoin ETF (BITB) since this story, compared with the market
Since the first closing price after “Bitcoin keeps getting rejected at $87,000 as stocks hover near records,” Bitwise Bitcoin ETF (BITB) is -2.00%. The S&P 500 fund (SPY) is -1.36% over the same days, a -0.64% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies mentioned with this story
- BITB Bitwise Bitcoin ETF
For “Bitcoin keeps getting rejected at $87,000 as stocks hover near records,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “Bitcoin keeps getting rejected at $87,000 as stocks hover near records,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 6 Oct 2026 story “Bitcoin keeps getting rejected at $87,000 as stocks hover near records.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
In “Bitcoin keeps getting rejected at $87,000 as stocks hover near records,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
In “Bitcoin keeps getting rejected at $87,000 as stocks hover near records,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ARKB Ark 21Shares Bitcoin ETF
Ark 21Shares Bitcoin ETF (ARKB) is linked, with no stored direction, medium confidence in the 6 Oct 2026 story “Bitcoin keeps getting rejected at $87,000 as stocks hover near records.” Reason on file: GA selected ARKB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
The 6 Oct 2026 story “Bitcoin keeps getting rejected at $87,000 as stocks hover near records” names Bitwise Bitcoin ETF (BITB) because of this story.
Bitwise Bitcoin ETF (BITB) is on the page because GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Proshares Ultra Bitcoin Etf (BITU): GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Bitwise Bitcoin ETF (BITB)
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
A simple score for Bitwise Bitcoin ETF (BITB)
46 out of 100
“Bitcoin keeps getting rejected at $87,000 as stocks hover near records” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.