Bitcoin Rallies to $87,000 as US Spot ETFs Drive Investor Interest

Bitcoin's price has been steadily increasing, nearing the $87,000 mark on October 2, 2026. This surge is primarily driven by the influx of investments into US spot BTC ETFs, which are showing strong adoption and fundraising momentum. The total volume of these funds is roughly $5 billion away from setting a new cumulative record, indicating a significant trend in investor interest. This trend has some drawing comparisons to the 'Uptober' phenomenon, which saw a dramatic price increase in 2025. However, investors are also recalling the significant volatility that occurred on 10/10 of that year, resulting in a significant crash in the market.