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# Bitcoin touched its highest price since January and then lost its nerve
- URL: https://www.sharespective.com/stories/bitcoin-touched-highest-price-since-january-2026-09-28/
- Published: 2026-09-27T21:15:01.000Z
- Updated: 2026-10-19T19:28:08.000Z
- Description: Bitcoin reached US$87,397 last Monday, the most it has been worth since January. By Friday it was back near US$84,700, which still left the week 4.7% higher. It has risen 51% from July's low of US$57,700.
- Author: Shaun Botha
- Tags: Crypto, #story, #group-tech

Bitcoin reached US$87,397 last Monday, the most it has been worth since January. By Friday it was back near US$84,700, which still left the week 4.7% higher. It has risen 51% from July's low of US$57,700.

**So who was doing the buying?** Spot bitcoin exchange-traded funds took in US$715 million on Monday alone and more than US$2.3 billion across four sessions. About US$750 million of bets against bitcoin were closed out above US$86,000.

Strategy, the software company that spends its balance sheet on bitcoin, holds 846,000 coins. That is about 4% of every bitcoin that will ever exist. Its shares ran hard on Monday and gave much of it back by midweek.

Bitcoin is still down about 3% for 2026\. Monday's high sat just under the US$87,498 it closed at on the last day of 2025, so nine months of work has bought a return to level.

The open question 

whether the ETF money stays once the price stops rising. Net inflows during a falling week would say more than Monday's high did.

[ This story ran in The Narrow Climb Monday 28 September’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-09-28/)