Bitcoin Nears $87K, Dips Under $85K; ADA at May High
Bitcoin touched $86,999 early on 5 October 2026, fell to $84,972 by US midday and ended near $85,805. Cardano rose 6.6% to its highest price since May.
Bitcoin rose to $86,999 early on Monday, 5 October 2026, between 01:00 and 02:00 UTC (6:30 to 7:30 am IST), then slid to $84,972 around midday in New York before recovering to $85,805 (about ₹82.7 lakh) at 21:31 UTC, almost unchanged over 24 hours. Cardano's ADA gained 6.6% to $0.2691 after reaching its highest price since 14 May.
Key takeaways
- Bitcoin's 24-hour range at 21:31 UTC on 5 October was $84,972 to $86,999, and the 24-hour change was minus 0.07%.
- The sharpest swing came between 14:00 and 15:00 UTC (7:30 to 8:30 pm IST), from $86,725 down to $85,450, shortly after US stock markets opened.
- ADA, NEAR, APT and ENA each gained more than 5% in 24 hours; DOGE and LINK fell close to 2%.
- Final figures for the week to 2 October show US spot bitcoin ETFs took in $241.1 million, not the provisional $82.9 million. Ether ETFs lost $138.1 million.
- The RBI's rate-setting committee began its three-day meeting on Monday; the decision is due on Wednesday, 7 October.
How bitcoin traded on Monday
Bitcoin started Monday at $86,530 at 00:00 UTC, after a late-Sunday rise, and reached $86,999 in the next two hours, just short of $87,000. It did not break through. By 05:00 UTC it had eased to about $85,540, then spent most of the Indian afternoon back above $86,000. In the 14:00 UTC hour, shortly after Wall Street opened, it touched $86,725 and then dropped as low as $85,450. The day's low of $84,972 came between 16:00 and 17:00 UTC (9:30 to 10:30 pm IST). By 21:31 UTC it was back at $85,805.
Bitcoin has now stalled near $87,000 several times in two weeks: it reached $87,396 on 21 September, $87,279 on 23 September and $87,220 on 2 October, the day of the weak US jobs report covered in our report on that spike and fall. Ether moved less, ending at $2,714 (about ₹2.62 lakh) at 21:31 UTC, up 0.3% over 24 hours.
The crypto market numbers for 5 October
The crypto market table below shows dollar prices on major global exchanges at 21:31 UTC on 5 October 2026, with 24-hour changes. Rupee figures use ₹96.40 to the dollar.
| Coin | Price at 21:31 UTC | 24-hour change | In rupees |
|---|---|---|---|
| Bitcoin (BTC) | $85,805 | minus 0.1% | About ₹82.7 lakh |
| Ether (ETH) | $2,714 | +0.3% | About ₹2.62 lakh |
| Cardano (ADA) | $0.2691 | +6.6% | About ₹25.9 |
| NEAR Protocol (NEAR) | $5.292 | +7.2% | About ₹510 |
| Aptos (APT) | $0.8503 | +5.8% | About ₹82 |
| Ethena (ENA) | $0.2532 | +5.3% | About ₹24.4 |
| Dogecoin (DOGE) | $0.0956 | minus 1.7% | About ₹9.2 |
| Chainlink (LINK) | $13.95 | minus 1.8% | About ₹1,345 |
ADA touched $0.2768 on Monday, its highest since 14 May 2026. NEAR reached $5.30, still below the $5.54 it hit on 1 October. ENA's rise came on the day of its large token unlock, covered in our ENA unlock preview.
Bitcoin ETF flows: the final weekly tally
US spot bitcoin ETFs took in a net $241.1 million in the week from 28 September to 2 October, once BlackRock's IBIT reported a $158.2 million inflow for Friday, 2 October. Our earlier report on the provisional $82.9 million figure was published before IBIT's Friday number. Friday's total for all bitcoin funds was $189.9 million. US spot ether ETFs lost a net $138.1 million for the week, after BlackRock's ETHA reported a $20.1 million outflow on Friday. Flows for Monday, 5 October had not been published at 21:31 UTC.
Why Monday's market matters for Indian investors
Monday's market shows how quickly bitcoin can swing by about 2% within one day, even when the 24-hour change looks flat. For a buyer in India, the rupee adds a second layer: at ₹96.40 to the dollar, every ₹1 move in the rupee shifts the price of one bitcoin by about ₹85,800. The RBI's Monetary Policy Committee began its 5 to 7 October meeting on Monday with the repo rate at 5.25%; its decision can move the rupee. Follow it on our USD to INR page and the live bitcoin price, ₹8,096,152, on our Bitcoin price in INR page.
Crypto is legal in India, but buy only through exchanges registered with FIU-IND. Gains are taxed at a flat 30% plus 4% cess, with 1% TDS on transfers and no set-off of losses. Live Cardano prices are on our Cardano price in INR page.
What to watch next in the crypto market
- $87,000: bitcoin has stalled near this level several times since 21 September; $84,972 is Monday's low.
- Tuesday, 6 October: Ethereum's Glamsterdam upgrade goes live on the Sepolia test network at 13:53:36 UTC (7:23 pm IST).
- Wednesday, 7 October: the RBI rate decision, and minutes of the US Federal Reserve's September meeting at 11:30 pm IST; see our week-ahead guide.
- ETF flows: Monday's bitcoin and ether ETF figures, due from Tuesday.
FAQ
What is the bitcoin price today, 5 October 2026?
Bitcoin was $85,805, about ₹82.7 lakh, at 21:31 UTC on 5 October 2026 (3:01 am IST on 6 October). It traded between $84,972 and $86,999 over the previous 24 hours.
Why did Cardano (ADA) go up on 5 October?
ADA rose 6.6% in 24 hours to $0.2691 and touched $0.2768, its highest since 14 May 2026. We could not confirm a single official announcement behind the move, so treat it as a market rally rather than a confirmed reaction to news.
How much money went into bitcoin ETFs last week?
US spot bitcoin ETFs took in a net $241.1 million from 28 September to 2 October 2026, including $158.2 million into BlackRock's IBIT on Friday. Spot ether ETFs lost $138.1 million.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
