Bitcoin climbs past $86,000 amid oil price dip and strong ETF inflows

Bitcoin pushed through the $86,500 level on Tuesday, up roughly 14% for the week and taking the overall cryptocurrency market capitalization above $3 trillion.

ETF inflows boost demand

Spot Bitcoin exchange‑traded funds (ETFs) attracted $999 million in net inflows on Monday, the largest single‑day inflow since October 2025. Bitcoin ETF inflows continued Tuesday with $715 million added, while Ethereum ETFs saw $162 million and Solana ETFs $29 million.

Macro backdrop

Oil prices fell, with Brent briefly under $98 and WTI below $93, following reports of potential diplomatic moves in the Strait of Hormuz. The decline in oil helped support the rally in Bitcoin.

Altcoin performance

Ethereum rose to $2,750, Solana reached $120, and several altcoins hit new all‑time highs, including Zcash (ZEC), Hype (HYPE), and Bitcoin Cash (BCH). The majority of the top 100 cryptocurrencies (97 of 100) were in green territory over the past seven days.

Market infrastructure updates

The CME announced plans to launch Bitcoin Cash and Uniswap futures on October 19, pending regulatory review. 21Shares listed Europe’s first Zcash ETP on Euronext Paris and Amsterdam, offering a physically‑backed product with a 2.5% annual fee.

NFT and meme trends

CryptoPunks saw floor prices rise above 34 ETH, while other NFT collections such as Bored Ape Yacht Club and Pudgy Penguins posted modest gains. Meme coins remained mostly positive, led by Pengu and Bonk.