Bitcoin leads crypto market rebound above $85K as short liquidations accelerate

Oct 2, 2026

Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and crypto’s next move.

Morning Dispatcher

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.