Bitcoin Holds October Gains After Two Surges Above $86K
- —Bitcoin breached $86,000 twice, hitting a session high of $86,450
- —BTC market cap near $1.72 trillion; position liquidations fell to $30 million
- —CFTC proposed retail crypto trading rules; SEC floated a custody proposal
- —Bitfinex sees BTC trading between $84,000 and $87,722 before CPI data
Why it matters: Regulatory momentum from the CFTC and SEC is supporting bitcoin's recovery, but upcoming inflation data will decide whether gains hold above $84,000.
Source: Bitcoin.com