Bitcoin traded near $84,500, up 2.5% over 24 hours, as the crypto market rebounded from a mid-October slide that had pushed it below $80,000. Ethereum rose 2.5% to $2,504, XRP gained 4.1%, and Zcash jumped 11.2%. The article links October's selloff to Brent crude near $108 and a 5.09% 10-year Treasury yield, and notes that U.S. consumer prices rose 3.7% year over year in September, with markets firmly expecting a Fed rate hike on Dec. 9. On the chart, Bitcoin is approaching resistance at $87,422.70, with support at $81,603. On the Myriad prediction market, traders put the odds of Bitcoin touching $87,500 in October at 31%.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/20/2026 | 2,449.20 |
| Change that session | +1.71% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Bitcoin traded near $82,164 after touching $83,040 earlier in the day, sitting just above a key support line. Brent crude hovered near $108 a barrel after attacks on Persian Gulf tankers and Russian crude facilities, while September CPI rose 3.7% and PPI jumped 6.3%, raising expectations of a Federal Reserve rate hike. The 10-year Treasury yield stood at 5.08%, and spot Bitcoin ETFs lost about $910 million over two weeks. The Nasdaq Composite fell more than 2% on Friday for its worst week since June, with CoreWeave down about 24% over the week. Technically, RSI sits at 49.3 and ADX at 21.6, signaling no firm trend, and the article notes that a daily close below $81,603 could open the way to $81,196.
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September producer prices rose 6.3% against a forecast of 5.3%, and core PPI hit 5.0% versus 4.4% expected, pushing rate-hike expectations sharply higher. Bitcoin broke below the $80,660 level that had held through the October decline, trading at $80,306 after falling 3.05% in 24 hours, while volume rose 42.27% to $39.94 billion. Spot Bitcoin ETFs saw $261.4 million in net outflows on October 14, led by BlackRock's IBIT ($110.9 million) and Fidelity's FBTC ($152.7 million), though cumulative net inflows still stand at $57.027 billion. The article identifies $74,340 as the next support and $87,145 as the level to clear, and notes that the Federal Reserve's October 29 meeting keeps a rate increase on the table. It adds that Bitcoin's price is currently driven more by policy expectations than by factors on its own network.
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