Bitcoin (BTCUSD) Is up 1.01% on Oct 2: Key Drivers to Watch
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- Bitcoin rose 1.01% to 85,459.6 dollars by October 2, driven by lower inflation, improved macroeconomic risk appetite, and strong institutional demand through spot ETFs.
- The surge was further supported by normalized derivatives funding rates and stable Treasury markets, though key risks like ETF outflows and macroeconomic headwinds remain.
- Technical indicators show a neutral MACD of -200.190 and an RSI of 65.738, while the Williams %R at 27.661 signals a buying opportunity.