Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Published . Updated .
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.
Directly affected
- No company is 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
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- BITB BITWISE BITCOIN ETF TR
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
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
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
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.
Price reaction, T-5 to T+3
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.
Source: The Block
The price since 2 Oct 2026: Bitwise Bitcoin ETF (BITB) versus the S&P 500
Since the first closing price after “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints,” Bitwise Bitcoin ETF (BITB) is -4.66%. The S&P 500 fund (SPY) is -1.08% over the same days, a -3.58% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies mentioned with this story
- BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints.” 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
In “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints,” 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
For “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. 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
Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints.” 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 nears highest level since January as $85,000 sell wall clears, US jobs data disappoints,” 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
In “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints,” Ark 21Shares Bitcoin ETF (ARKB) is linked, with no stored direction, medium confidence. 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 2 Oct 2026 story “Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints” 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
A second company, Proshares Ultra Bitcoin Etf (BITU), is listed for a different reason: 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
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 nears highest level since January as $85,000 sell wall clears, US jobs data disappoints” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.