Bitcoin Rebounds to $86,350 as Stocks and Crypto Rally

Bitcoin is starting October on a high note, trading at $86,350 U.S. after gaining 2% over the past 24 hours.

The largest cryptocurrency is not alone in its rise, as other digital assets like Ethereum and XRP are also increasing in value.

This is not the first time Bitcoin has experienced a strong start to October, with some analysts referring to it as 'Uptober' due to the asset's historical performance during this month.

The price of crude oil has retreated from its earlier highs, falling below $100 U.S. a barrel after reports that Europe is considering releasing diesel and oil reserves.