Bitcoin Ticks Above $86,000 on Strong ETF Demand

Bitcoin extended its rebound into a third consecutive week, reaching a high of $86,000 on Friday as investors returned to risk assets in the lead-up to October. The price climb was led by strong institutional demand for exchange-traded funds, which has been a key driver of the asset's recent gains. Bitcoin has risen around 2% so far this week, with its price now above $86,200 as of 10:30 a.m. in London. This surge has helped the cryptocurrency conclude its biggest quarter since the end of 2024, with a gain of about 40% in the three months through September.