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Bitcoin rebounds near $84,500 as crypto market cap rises to $2.9T amid easing inflation fears.

Market News
21 Oct 2026
Decrypt
View Source
Bullish
Bitcoin rebounds near $84,500 as crypto market cap rises to $2.9T amid easing inflation fears.

Bitcoin traded near $84,500, up 2.5% in 24 hours, recovering from a mid-October dip below $80,000. The total crypto market cap rose 2.2% to $2.9 trillion, with XRP and Zcash showing strong gains. Inflation concerns eased slightly as Brent crude and U.S. Treasury yields softened, supporting crypto prices. Technical indicators suggest cautious optimism, with Bitcoin facing resistance near $87,400 and prediction markets moderately bullish for further gains this month.

Bitcoin is trading at Rp1.520.734.406 on Pluang, up 1.99% as of Oct 22, 2026 00:51 WIB, showing a solid rebound consistent with the article's note of recovery. XRP is also gaining, priced at Rp24.898 with a 3.98% increase, while Zcash stands out with an 11.52% rise to Rp24.419.197. This platform data highlights the ongoing positive momentum in the crypto market mentioned in the news.

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