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Bitcoin rebounds above $81,000 as Asian chip stocks rally and memecoin Pepe jumps 9%.

Market News
28 Oct 2026, 14:32 WIB
Coindesk
View Source
Bullish
Bitcoin rebounds above $81,000 as Asian chip stocks rally and memecoin Pepe jumps 9%.

Bitcoin climbed above $81,400, buoyed by a strong rally in Asian chip stocks, notably South Korea's Kospi index rising 6.6% and SK Hynix profits surging sevenfold. The memecoin Pepe surged 9.4%, driven by large holdings linked to Tron founder Justin Sun. U.S. spot bitcoin ETFs saw $176 million in inflows, reflecting growing investor interest ahead of the Federal Reserve's upcoming interest rate decision. Despite gains in major cryptocurrencies, AI-linked tokens lagged, showing a mixed market sentiment.

Pepe leads gains on Pluang with a 16.57% rise to Rp0.0904 as of Oct 28, 2026 18:51 WIB, outpacing Bitcoin's 2.19% increase to Rp1.477.333.087. This strong memecoin performance aligns with the article's note on Pepe's surge driven by key holders. Bitcoin's market cap on Pluang stands at Rp29.716,66 trillion, with a typical hold time of 112 days, showing steady investor interest ahead of the Fed decision.

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