# Bitcoin's push toward $87,000 stalls for the second time in a week after payrolls cut the odds of an October Fed hike

Glassnode estimates the probability of another quarter-point hike on October 28 fell from 66% to 22%, while Strategy's holdings reached 847,666 BTC and BNB moved above $800.

- Published: 2026-10-05T05:31:33.542Z
- Canonical: https://polylog.news/crypto/2026-10-05/bitcoin-s-push-toward-87-000-stalls-for-the-second-time-in-a
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/10/05/bitcoin-zooms-toward-usd87-000-nearly-setting-an-eight-month-high-then-reverses), [CryptoSlate](https://cryptoslate.com/bitcoins-85000-recovery-awaits-proof-that-etf-investors-kept-buying-after-payrolls/), [crypto.news](https://crypto.news/strategy-hints-at-another-big-bitcoin-buy/), [Polylog editors](https://polylog.news)

Bitcoin rose toward $87,000, coming within about $500 of its late-September peak, before sellers drove it back below $86,000, CoinDesk reported. CoinDesk said the move came close to an eight-month high and was the second rally in a week to…

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