Bitcoin remained near the $85,000 mark on Sunday as market participants assessed a U.S. regulatory decision that could broaden options for leveraged access to major digital assets.
As of 01:29 ET (05:29 GMT), bitcoin was quoted at $84,860.5, essentially unchanged over the previous 24 hours after a brief run above $87,000 earlier in the week. The cryptocurrency has been trading in a relatively tight range following that intraday peak.
Regulatory development
On Friday, the U.S. Securities and Exchange Commission allowed a rule change filed by Cboe BZX permitting the exchange to list a set of six triple-leveraged exchange-traded products (ETPs) from Volatility Shares. Each product aims to deliver three times the daily performance of its reference asset.
The six products target bitcoin, ether, gold, silver, crude oil and natural gas. For the bitcoin and ether ETPs, the leverage exposure would be implemented via futures contracts rather than by holding the underlying cryptocurrencies directly.
Approval of the rule change does not equate to immediate trading availability. Shares cannot be publicly offered until required registration steps and other listing prerequisites are completed.
Context in crypto markets
The Cboe decision arrives as the SEC separately floated proposed revisions to custody rules for crypto this week - a proposal that drew particular attention from bitcoin market participants on Friday. These two regulatory developments together expand the policy framework that market participants are watching closely.
Signs of growing activity within the crypto industry are also visible on the employment front. Data from CryptoJobsList show there were 1,241 cryptocurrency job openings in September, up from 382 in July. Finance was the largest hiring category, followed by engineering and trading, and the most commonly requested blockchain expertise was bitcoin.
Prices and market snapshot
Commodity and crypto price moves cited in market feeds included: XAU/USD -0.88% XAG/USD -0.99% GC -0.72% SI -0.76% CL -1.73% NG +2.43% BTC/USD +0.35% ETH/USD +0.73% XNG/USD +2.9% CL/USD +1.42% XAU/USD.
Across broader digital assets early Sunday, moves were mixed. Ether rose 0.65% to $2,694.78, while XRP inched up 0.42% to $1.4917. Solana increased 0.98% to $120.77, and BNB advanced 2.51% to $786.31. Among other major tokens, Cardano fell 0.89% to $0.2439 and Dogecoin slipped 0.23%.
In the meme-coin segment, TRUMP surged 112.2% and Shiba Inu recorded a smaller gain of 0.18%.
AI, payments and strategic commentary
Market commentary noted the potential for artificial intelligence to create incremental demand for blockchain infrastructure. ARK Invest CEO Cathie Wood was quoted saying investors may need to "follow the agents" as AI systems evolve from responding to queries toward independently executing transactions.
Open blockchain networks and stablecoins have been discussed as possible payment rails for autonomous AI agents. According to statements included in market coverage, BlackRock has argued that AI agents could ultimately pay autonomously for computing power, data and other digital services, which would create potential demand for machine-to-machine payment networks.
In related remarks, Coinbase CEO Brian Armstrong said Grok was the leading client for agentic traders on Coinbase, though he did not provide underlying figures.
Public commentary on store-of-value
Separately, Robert Kiyosaki, author of Rich Dad Poor Dad, reiterated his support for bitcoin as a hedge against monetary instability and said he favored ownership of scarce assets. Kiyosaki listed gold, silver and oil among his preferred asset classes alongside bitcoin.
This article provides a snapshot of market prices, regulatory news and industry indicators relevant to bitcoin and related digital-asset markets. It does not imply investment advice or forecast specific market outcomes.