Bitcoin Rises Toward $87,000 as ETF Flows and High Yields Pull Market in Opposite Directions

Bitcoin climbed back toward $87,000 on Oct. 2, extending an early-October rebound that has revived bullish sentiment but left the rally dependent on ETF demand and interest-rate expectations. The move was visible across major market feeds: Binance BTC/USDT spot data showed a 24-hour high of 86,912.75 USDT, while Binance.US had Bitcoin trading at $85,967.67, up 2.14% over 24 hours, with a $1.73 trillion market capitalization and $38.78 billion in global 24-hour volume.