Crypto market on Oct 1, 2026: Bitcoin hovers near $83.6K

1. BITCOIN HOLDS NEAR $83,600
Bitcoin traded at $83,680 as of around 8:15 AM KST on October 1, 2026, down 0.13% over 24 hours, after briefly touching $85,581 the previous evening before retreating into the $83,000 range; other sources cited $83,489–$83,628. Total crypto market cap stood at $2.860 trillion, with 24-hour volume of $98.04 billion; BTC dominance was 58.69%, down 0.02 percentage point. Why it matters: repeated rejection near $85,000 points to strong supply around that level, but the shallow pullback suggests broader sentiment is not yet panicked.

2. ETHEREUM SLIPS BELOW $2,700
ETH fell 0.79% to about $2,668, after recently trading near $2,800; support sits at $2,650, followed by $2,600 and the $2,450–$2,500 area. Why it matters: without a daily close above $2,800, the path toward $3,000 remains difficult and the market may need more consolidation.

3. SOL DECLINES; HYPE AND BNB BUCK TREND
SOL dropped 1.1% to $118.21, with some sources citing a 1.29% decline; BNB rose 1.12–1.36% to around $769.49; HYPE climbed 4.07–5.4%, trading between $86.14 and $91.11. Why it matters: money is rotating selectively, with HYPE drawing demand after correcting from $97–$98 and BNB standing out among large-cap altcoins.

4. LIQUIDATIONS SKEW TOWARD SHORTS
Total 24-hour liquidations across the top 20 assets reached $199.46 million, with shorts accounting for 54.15%. BTC led liquidations at $93.51 million, followed by ETH at $56.43 million and Solana at $11.50 million. Why it matters: short-side pressure indicates some upside surprises, yet derivatives volume fell 11.61% over 24 hours, suggesting traders are reducing size pending clearer direction.

5. US PCE COOLS BUT YIELDS RISE
US August PCE inflation rose 3.4% year-over-year, below the 3.7% consensus; the 10-year Treasury yield climbed above 5.3%, the highest since May 2002. US stocks were mixed: Nasdaq gained 0.24%, the S&P 500 fell 0.25%, and the Dow fell 0.86%. Why it matters: cooler inflation was overshadowed by higher yields, tightening financial conditions and creating headwinds for risk assets including crypto.

6. GREED REMAINS BUT HAS COOLED
The Fear & Greed Index read 68–71, in Greed territory, down from 74 a week earlier. If Bitcoin closed the quarter near $84,000, Q3 2026 would show about a 44% gain, the best quarter since Q1 2024; ETH was on track for about a 70.9% Q3 gain, its best since Q1 2021. Why it matters: sentiment remains constructive but less euphoric, and the strong quarterly performance may invite short-term profit taking.

What to watch today: whether Bitcoin can hold $83,000 or retake $85,000 as Treasury yields stay elevated after the PCE report.

*Information is compiled for reference only and is not investment advice.*