News · Oct 5, 2026 · 3 min read
Bitcoin today: OKX files to trade tokenized US stocks, and miners' best month since January
Bitcoin climbed above $86,000 on Monday morning, its highest level since 22 September, as OKX and the NYSE's owner filed to put US stocks on a 24-hour crypto venue. September was also the best month for miner revenue since January, at $1.12 billion.
Bitcoin rose 2% to $86,488, its highest since 22 September
Bitcoin stood at $86,488 on our price series early on 5 October, up 2.1% from Sunday's close of $84,744 and above the $83,000 to $85,000 range it had held for ten days. The last higher reading was $86,608 on 22 September.
The move came with leverage returning slowly rather than a flood of it. Funding on the perpetual rose to about 8% a year from 0.2% on Sunday, on our funding chart, and liquidations so far today are about $10 million of longs and $9 million of shorts. The Fear & Greed Index reads 70.
OKX and ICE file to trade tokenized US stocks around the clock
OKXICE, a joint venture between the crypto exchange OKX and Intercontinental Exchange, which owns the New York Stock Exchange, filed with the US Securities and Exchange Commission on Sunday to launch a tokenized-stock trading platform, Reuters reported. It would offer more than 60 listed companies, 24 hours a day.
Andrew Cuomo, co-chair of OKXICE, called it "a landmark step toward a truly global, 24/7 Wall Street". The filing rests on a five-year innovation exemption the SEC opened on 17 September, which requires tokenized shares to carry dividends and voting rights. For bitcoin it is a sign of where crypto venues are heading: the biggest exchanges now want to hold both kinds of asset on one platform. It does not change what a machine mines, and nothing in the filing is a rule yet; the SEC has to approve it.
September paid miners $1.12 billion, the most since January
Bitcoin miners earned $1.12 billion in September, their strongest month since January, according to Cointribune on 4 October. The report attributes it to a 22% rise in hashprice over the month.
Our hashprice chart shows the same shape: $41.22 per petahash per day on 5 October, against a June low of $27.74 on 6 June. A terahash now earns about 49% more per day than it did at the bottom, because the price rose while the coins issued stayed fixed.
The next retarget is projected 1.3% easier
After the 0.03% reset on 3 October, the next retarget is 1,736 blocks away, about twelve days, and our series projects it at -1.3% on current block times. The smallest retarget since 2020 is explained in our data piece.
A negative retarget means each terahash finds slightly more coins. At -1.3% that is a rounding error on a monthly bill, and the projection only holds if block times stay slower than ten minutes until the reset.
The Fed's September minutes arrive on Wednesday
The Federal Reserve publishes the minutes of its 15 to 16 September meeting on 7 October, three weeks after the decision. After Friday's weak jobs report, covered in Saturday's recap, they will be read for how far the committee leaned toward a hike.
What it means for miners
A 2% day moves the dollar value of every coin a machine mines by 2%, and hashprice with it. It does not change how many coins a terahash makes. With a flat retarget and hashprice at $41.22, the most efficient machine in stock on our cheapest power makes a coin for about $18,000 in electricity, against a market price near $86,500.
That gap is the case for keeping the coins you mine. Output is never guaranteed.
Sources and further reading
- OKX joint venture files with SEC to launch tokenized trading platform — Reuters, via AOL, 5 Oct 2026
- OKX files with SEC to bring tokenized-stock trading to the US — Crypto Briefing, 4 Oct 2026
- Bitcoin Mining Revenues Surge to $1.12B as Pressure Eases — Cointribune, 4 Oct 2026
- Meeting calendars and information — Federal Reserve Board, 5 Oct 2026
Disclosure
Firsthand Bitcoin sells and hosts mining hardware, including this machine. No manufacturer, distributor or affiliate programme paid for or reviewed this page and we take no commission on the links above. Historical figures are computed from daily bitcoin price and network hashprice, each day valued at its own prices. Nothing here is investment advice.