Bitcoin Tops $86,000 as ETF Inflows Surge and Oil Slides

Bitcoin pushed through $86,500 on Tuesday, up 14% on the week, lifting total crypto market cap above $3 trillion. Spot Bitcoin ETFs drew $999 million in net inflows on Monday, the largest single day since October 2025. Bitcoin ETFs added $715 million on Tuesday, with Ethereum ETFs at $162 million and Solana ETFs at $29 million. Ethereum reached $2,750 and Solana hit $120. Zcash and HYPE set new all-time highs. Energy markets reinforced the risk-on tone after reports Iran offered to reopen the Strait of Hormuz, sending Brent briefly below $98 and WTI under $93. CME said it will launch Bitcoin Cash and Uniswap futures on Oct. 19 pending regulatory review, its 10th and 11th single-asset crypto contracts. The SEC sent a crypto custody proposal to the OMB, and Coinbase confirmed it is building post-quantum custody for roughly $250 billion in assets.