
AI-generated summary
In October last year, Bitcoin broke a historical record by reaching $126,000. This month is also called 'Uptober'.
Bitcoin started the first week of October well. October, which was the month in which the historical record was broken with 126 thousand dollars last year, is also described as "Uptober" by the crypto world. While the largest cryptocurrency made its weekly closing above 86 thousand dollars, this closing corresponded to the highest closing level in the last 8 months. Bitcoin, which rose above 86 thousand 900 dollars at night, again approached the peak of the last 8 months, but then it went downhill and fell to 85 thousand 500 levels.
PCE and employment gave strength
AI outlook — possibilities, not facts
Bitcoin may test the $87,000 level in the short term
Possible · Within days

The US government transferred 833.6 BTC ($71 million) in the evening and 40,285 BNB ($32 million) in the morning, sending crypto assets totaling over $103 million to Coinbase Prime and an unknown address. These movements pushed Bitcoin below $84,000, leading to records in leveraged transactions.

After Bitcoin started its rise with 90 thousand dollars in August 2024 and broke its historical record with 126 thousand dollars in October 2024, it fell to 63 thousand dollars in February 2026. Trump's election and policies affected the prices, there was a crypto treasury company craze in the USA, but there was a major crash on October 10 and geopolitical tensions reduced Bitcoin to 60 thousand dollars in February 2026 and 58 thousand dollars in June.

While Bitcoin continues its rise amid global uncertainties and record-breaking bond interest rates, it is stated that there is a 'currency depreciation effect' behind this movement.

In the last week, at least 6 crypto and Web3 projects such as Blast, Neon EVM, Router Protocol, Inlock, CoinEx Smart Chain and OneSwap and Shipyard have decided to terminate their activities. Closures often occurred due to financial sustainability issues, failure of revenues to cover operating costs, or the cessation of external financing. Projects like Blast and Router Protocol have given users time to move their assets to the Ethereum mainnet, while CoinEx will keep withdrawal services open until December 22, 2026.

In October 2026, $271 million worth of unlocking was completed in the first two days for altcoins such as SUI, EIGEN, BTW, 2Z and ENA. Additional unlocks worth $618 million are expected for the remainder of the month. With the largest circulating supply rate, 146.7 million tokens will be unlocked in APR on October 23, while the largest opening in dollar terms will occur in HYPE on October 6, worth $333 million.

Standard Chartered analysts predicted that Ethena's ENA token could reach $2 by the end of 2028, thanks to revenue model growth and USDe supply growth.