{
  "id": 11427306,
  "title": "Bitcoin rises for third straight week on strong ETF demand",
  "url": "https://urgent.news/2026/10/02/bitcoin-rises-for-third-straight-week-on-strong-etf-demand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T11:41:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/bitcoin-rises-for-third-straight-week-on-strong-etf-demand"
  },
  "original_language": "en",
  "account": "Bitcoin surged above US$86,000 on October 2nd, marking its third consecutive weekly rise. The cryptocurrency rebounded to a high of US$86,200 in London trading. This jump was driven by strong institutional demand for exchange traded funds, which bolstered investor appetite for risk assets ahead of October. Bitcoin has gained roughly 2% this week, concluding its best quarter since late 2024 with a 40% increase over the last three months of 2025. Despite being battered earlier in 2026, some traders speculate a bottom for cryptocurrencies after hitting an all-time high of over US$126,000 in June 2026. The cryptocurrency has remained relatively unscathed by recent macro trends, with macro trends such as the US Senate failing to advance a crypto regulation bill and the Federal Reserve raising interest rates in September. The optimism surrounding Bitcoin coincides with a traditional seasonal trend known as \"Uptober,\" with the cryptocurrency posting gains in 10 of the last 15 Octobers. Additionally, industry leaders and executives are set to convene for Token2049 in Singapore, amid an improved mood compared to August. The upcoming US jobs report on October 2nd, which economists predict will show nonfarm payrolls rising around 90,000 in September, is also fueling the rally. European stock indexes saw a 1% increase in early trading, while US stock index futures rose by 0.5%.",
  "summary": "Bitcoin climbed above US$86,000 on Oct 2.",
  "key_points": [
    "Bitcoin surged above US$86,000 for third consecutive week",
    "Strong institutional demand for ETFs boosted investor appetite",
    "Optimism from Uptober trend and upcoming US jobs report fuels rally"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Moneyweb",
        "title": "Bitcoin rises for third straight week on strong ETF demand",
        "url": "https://urgent.news/2026/10/02/bitcoin-rises-for-third-straight-week-on-strong-etf-demand-11446023",
        "published": "2026-10-02T12:43:51.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Bitcoin posts third straight weekly gain on ETF inflows",
        "url": "https://urgent.news/2026/10/02/bitcoin-posts-third-straight-weekly-gain-on-etf-inflows",
        "published": "2026-10-02T13:20:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}