News · CoinDesk

Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%

Bitcoin rose 0.5% to around $81,700 since midnight UTC, recovering from a low near $81,000, while altcoins moved faster: the CoinDesk 80 gained 1.4%, memecoins climbed 2.9% and pepe jumped 13%. The rebound followed Thursday's tech-led selloff, when the Nasdaq Composite fell 2.6% in its steepest decline since June. Traders are watching the Fed's Oct. 27-28 meeting, with Brent crude near $113 keeping inflation worries alive, after U.S. spot bitcoin ETFs lost $635 million on Thursday following more than $1 billion of inflows in the first three days of the week. In derivatives, crypto futures volume fell 19% and liquidations dropped 23% over 24 hours.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on CoinDesk ↗

Keywords

bitcoincryptoETFFedoil prices

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

• Neutral

Bitcoin

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/22/202681,416.09
Change that session-3.18%
BTC/USDT price, forecasts and signals →

PEPE/USDT

▲ Likely positive

Pepe

Relevance: low

MarketCrypto
ExchangeBinance
SectorMeme
Market cap$1.6B
Close on 10/22/20260.00000
Change that session-4.97%
PEPE/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Bitcoin ETFs Erase October Losses With $1 Billion in Three Days

    U.S. spot Bitcoin ETFs took in $524.8 million on Wednesday, extending a three-day inflow streak to about $1.07 billion and pushing October's net flows positive by roughly $460 million. Ethereum ETFs snapped a five-day outflow streak with a $14.9 million inflow, though they remain down about $1.07 billion for the month. Bitcoin, however, fell 2.4% to about $81,470 despite the inflows, and Ethereum dropped 2.6%. Prediction-market traders on Myriad give Bitcoin only a 20% chance of topping $87,500 before October ends. The Federal Reserve meets on Oct. 27-28, with persistent inflation keeping another rate hike on the table.

    Decrypt·▲ BTC/USDT▲ ETH/USDTbitcoinETFcrypto
  • Equity weakness could damp demand for bitcoin after biggest ETF inflows in a month

    Bitcoin fell about 1.1%, ether dropped 1.7% and the CoinDesk 20 index lost roughly 1.6% over the past 24 hours, pulled lower by Asian stock declines and rising oil. QCP Capital warned that further equity weakness could damp crypto demand and threaten the $80,000 support level if sustained. Still, spot U.S. bitcoin ETFs drew about $527 million in net inflows on Monday, their biggest in a month, with BlackRock's IBIT taking in $665 million while Fidelity and Grayscale saw outflows. Ether ETFs lost $103.3 million, their fourth straight day of outflows. The 10-year Treasury yield is near 5.13% and Brent is near $110, while prediction markets price in a 25 basis-point Fed rate hike next month.

    CoinDesk·▼ BTC/USDT▼ ETH/USDTbitcoincryptoETF
  • Bitcoin Price Holds Above $81K as ETF Outflows Raise Concerns

    Bitcoin held above $81,000 on Saturday, October 17, rising 0.6% to $81,544.8 after a volatile week that briefly fell below $80,000 following a rally past $84,000. U.S. spot Bitcoin ETFs recorded $82.39 million in net outflows on October 16, including $71.78 million from BlackRock's IBIT, after $261.4 million left on October 14. Concerns center on inconsistent institutional demand and expectations of further Federal Reserve rate hikes. Ethereum gained 0.5% to $2,417.92, and stablecoin issuer Circle reported about $1.4 billion in first-half 2026 revenue.

    econotimes.com·▼ BTC/USDTbitcoinETFcrypto
  • Bitcoin Whipsaws as Crypto Liquidations Near $1 Billion

    Bitcoin fell 2.6% and dipped below $80,000 for the first time in over a month after hotter-than-expected CPI and PPI data revived bets on another Fed rate hike. Crypto liquidations totaled $948.22 million across 177,440 traders in 24 hours, with long positions making up 90.6%, according to CoinGlass. Bitcoin now trades near $82,000, roughly 2% below the $82,300 average cost of U.S. spot ETF holders, putting those buyers back underwater. Analyst Iliya Kalchev of Nexo sees the selloff as a broad exit from risk rather than a Fed story, with stocks and copper falling while gold rose. Key levels to watch are $81,603, $80,286 and $78,002, and Kalchev says a recovery needs ETF flows to turn consistently positive after $681 million of outflows last week.

    Decrypt·▼ BTC/USDT▼ ETH/USDTbitcoincryptoFed
  • Bitcoin Shakes Off Spooky Season Jitters: Can Bulls Keep It Going?

    Bitcoin rose 2.24% to $83,591.79 after dipping to $80,953.41 early Tuesday, while the Crypto Fear and Greed Index cooled from an “extreme greed” reading of 82 on Aug. 26 to a neutral level. Bitcoin ETFs have seen net outflows of $386.3 million in October as traders await Wednesday's CPI report, expected to show annual inflation rising to 3.6% from 3.4%, and the Federal Reserve's meeting on Oct. 27-28. On Myriad, traders put the odds at 54% that Bitcoin falls to $80,000 this month and 45% that it reaches $87,500. Technically, the price has reclaimed the golden zone between $81,847.57 and $82,305.50, but the ADX has eased from 42.8 to 29.9, suggesting the uptrend is coasting rather than accelerating. A daily close above $84,245.88 could open $86,644.19, while a close below $81,603.02 would bring the upper edge of the daily trend band, just above $80,000, into play.

    Decrypt·▲ BTC/USDTbitcoincryptoETF
  • Altcoins rally on thin trading as bitcoin holds below $83,500

    The CoinDesk 80, a basket of smaller tokens, rose about 3% over 24 hours, more than double the 1.2% gain of the CoinDesk 5, while bitcoin traded below $83,500 and ether was at $2,560. CoinDesk research shows bitcoin and ether order-book depth has recovered to pre-crash levels in dollar terms since the Oct. 10, 2025 flash crash, while altcoin liquidity has kept thinning. Institutional money moved the other way, with U.S. spot bitcoin ETFs recording $681 million of net outflows last week, the most since June, and spot ether ETFs not logging an inflow day since late September. WTI crude fell about 2% to $90 per barrel after President Donald Trump said Russia would supply 300,000 metric tons of diesel to global markets, a partial easing of sanctions. The article also notes that Starknet rose 76% over the past week, partly on leverage.

    CoinDesk·▲ BNB/USDT• BTC/USDT▲ ETH/USDT▲ SOL/USDTbitcoincryptoaltcoins

Related markets

Crypto →

Latest news

  • New York AG seeks $1.37B from NovaTech founders over Ponzi scheme

    New York Attorney General Letitia James has asked a court to order NovaTech's founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion, including about $1.13 billion in investor funds and $232.5 million in interest, following a default judgment in August 2025. Four people who recruited investors have separately agreed to pay nearly $6 million in settlements for victims. The AG's office said more than 11,000 New Yorkers lost tens of millions of dollars through NovaTech and the earlier AWS Mining scheme, with promoters targeting Haitian and other immigrant communities through prayer groups, social media and WhatsApp. Investors deposited about $1.16 billion into NovaTech's crypto wallets between August 2019 and May 2023, but only about $26 million went to trading provider B2Broker, and a separate motion seeks about $6.15 million over AWS Mining, including interest.

    Cointelegraph·cryptoscamsUS
  • Tech Sell-Off: 2 Growth Stocks Investors Might Wish They'd Bought on the Dip

    The author notes many AI stocks are pulling back, with the Nasdaq-100 down 5.5% in the last week alone, and argues that broad market sell-offs have historically been followed by recoveries to new highs. Duolingo (DUOL) trades 73% below its record high, with 58.7 million daily active users (up 23%) and a target of 100 million by 2028; its price-to-sales ratio is about 6 versus a five-year average of 14.4, and its P/E is about 16.6. SentinelOne (S) reported record annual recurring revenue of $1.2 billion, up 22%, with ARR from its AI products almost tripling, and its P/S of about 6.7 compares with 10.2 to 43.3 for CrowdStrike, Palo Alto Networks and Zscaler. The author considers both companies potentially worth a long-term look if the tech sell-off intensifies.

    Yahoo Finance·▼ NVDA▼ QQQQQQNVDAartificial intelligence
  • 3 Things Investors Might Not Know About Rivian's $4.5 Billion Loan

    Rivian is set to draw on a $4.5 billion loan from the U.S. Department of Energy (DoE) to build its second factory in Georgia, with withdrawals expected in 2027. The loan is not directly dilutive, but it requires Rivian to contribute its own capital, which is why the company issued over 86 million new shares in July, raising roughly $1.3 billion. Interest is based on the U.S. Treasury yield curve with a 0% credit spread; the author estimates that compared with Rivian's $1.25 billion secured green notes at 10% annual interest, the loan could save hundreds of millions of dollars a year. Note A ($3.355 billion maximum principal) requires interest payments from June 15, 2030, principal repayments from 2031, and final maturity on March 15, 2045. However, the Georgia plant may be less profitable per vehicle than Rivian's Illinois factory in the early stage, as it will take time to reach scale.

    Yahoo Finance·Rivianelectric vehiclescredit
  • Bitcoin consolidates after 3% loss as AI fears stoke fresh stock-market weakness

    Bitcoin fell 3.2% on Thursday to as low as $80,840 on Bitstamp, then ranged below $82,000 as Wall Street opened Friday amid AI financing worries. CoreWeave slid 15.5% week to date to its lowest level since May 2025, after Bernstein cut its price target from $74 to $51. Crypto markets saw $336 million in liquidations over 24 hours, including $281 million of long positions, while U.S. spot Bitcoin ETFs recorded $635 million in net outflows on Thursday, the largest single-day drawdown since late June. South Korea's KOSPI opened at 5,402 points, dipped to 5,305, and finished 0.3% higher. Nvidia CEO Jensen Huang said demand for capital far exceeds its availability.

    Cointelegraph·▼ BTC/USDT▼ QQQbitcoincryptoQQQ
  • Stock Split Watch: Is Micron Next?

    Micron's latest quarterly revenue jumped 379% to $54 billion, and its stock, which topped $1,200 earlier this year, has since fallen to about $900, giving the company a market capitalization above $1 trillion. The article explains that a stock split lowers the price of each share without changing the company's overall market value, and can make shares more accessible to smaller retail investors. Micron has completed three stock splits in the past, the most recent more than 25 years ago. The author does not expect the company to announce a split in the coming weeks, given that the stock has fallen from its highs. Possible headwinds include memory prices that may decline as supply improves, and a slowdown in AI investment that could weigh on revenue and stock performance.

    Yahoo Finance·Micronsemiconductorsstock split
  • Russia sets conditions for normalizing relations with the US and the West

    Russian Deputy Foreign Minister Alexander Grushko said on 22 October, at the 19th Verona Eurasian Economic Forum, that normalizing Russia's relations with the US and Europe depends entirely on lifting all sanctions. He said relations cannot develop while the sides are effectively walking through a minefield, with no way to know where sanctions will be applied. Grushko accused the EU of seeking to contain Russia across the Balkans, the South Caucasus, the Baltic region and the Arctic, and argued that the bloc has identified Russia as its main strategic threat and is preparing for war. The two-day forum, held on 22 and 23 October in Istanbul, draws participants from more than 30 countries.

    CafeF·▼ XAU/USDRussiasanctionsgeopolitics

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.