{
  "id": 12177897,
  "title": "Bitcoin price fails to break higher after best weekly close in eight months",
  "url": "https://urgent.news/2026/10/05/bitcoin-price-fails-to-break-higher-after-best-weekly-close-in-eight",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T15:09:57.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-price-fails-to-break-higher-after-best-weekly-close-in-eight-months"
  },
  "original_language": "en",
  "account": "Bitcoin's highest weekly close in eight months created resistance at the beginning of Monday's US trading session, with the cryptocurrency hovering around $86,000 following Wall Street's opening bell. Despite the appeal of the highest weekly close since late January, Bitcoin struggled to surpass its weekly open level near $86,500. US bond yields escalated throughout the day, with the 30-year yield surpassing 5.67%, just two basis points shy of 24-year highs witnessed last week. The 10-year yield also returned to 5.31%, mirroring last week's peak of 5.34%. Commenting on the situation, trading firm QCP Capital acknowledged that recent milder US employment data had failed to alleviate bond market concerns, even as global geopolitical uncertainties persisted. \"Despite the dovish employment print, elevated oil prices and elevated long-dated yields continue to impede upside momentum for risk assets broadly,\" the firm stated in its latest assessment. US stocks commenced the day with a modest uptick, with the S&P 500 and tech-focused Nasdaq Composite Index rising 0.5% and 0.7%, respectively, amid expectations that the Federal Reserve would maintain interest-rate hikes at the upcoming Federal Open Market Committee (FOMC) meeting on October 28. Deutsche Bank analysts suggested that the minutes from the September FOMC meeting, due to be released on Wednesday, would carry more significance than usual due to the bond sell-off. \"The highly unsettled bond market makes the incoming US data and Fed communication particularly relevant. So the minutes will be worth watching for how the broader Committee is framing the current tightening cycle and for its discussion of the neutral rate, where estimates shifted higher in the September SEP,\" they wrote. Bitcoin's price action remained relatively subdued, with the 2026 yearly open at $87,570 still overhead as a prominent psychological barrier. Onchain analytics platform Glassnode reported a decline in buyer dominance compared to mid-September, noting that the behavior signified a slowdown in aggressive upward momentum without indicating an immediate trend reversal or structural exhaustion.",
  "summary": "Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.",
  "key_points": [
    "Bitcoin price stalled at $86,000 despite weekly close near $86,500",
    "US bond yields hit 5.67% for 30-year, 5.31% for 10-year",
    "Analysts say Fed minutes and bond market crucial for Bitcoin"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}