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Bitcoin slips from $85K peak amid tech stock jitters and AI spending doubts.

Market News
21 Oct 2026
Coindesk
View Source
Bearish
Bitcoin slips from $85K peak amid tech stock jitters and AI spending doubts.

Bitcoin briefly surged to nearly $85,000 before falling back to around $82,500, a key support level that could signal a further drop toward $70,000 if broken. The decline followed disappointing outlooks from Tesla and Meta, which dampened investor sentiment on AI spending and tech stocks, causing Nasdaq futures and Asian markets to fall. Most major cryptocurrencies also declined, with only Zcash and XRP showing modest gains. Renewed Middle East tensions pushed oil prices higher, adding to market uncertainty.

Bitcoin's recent volatility is notable as of Oct 22, 2026 10:41 WIB. For readers following cryptocurrency markets, here is Pluang's snapshot: out of 50 major cryptocurrencies priced on Pluang, 13 rose and 36 fell today. Top gainers include BAL (Balancer) at Rp16.297 with an 11.14% increase and EOS (EOS.IO) at Rp12.649 up 8.13%, while COMP (Compound) declined 6.81% to Rp445.367, with Pluang order activity showing 24% Sell and 76% Buy.

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Cardano (ADA) price nears key support at $0.215-$0.220 amid bearish signals and potential further decline.

Cardano (ADA) price nears key support at $0.215-$0.220 amid bearish signals and potential further decline.

Cardano (ADA) traded around $0.225 on October 21, retreating from an early October high near $0.28. Technical analysis shows near-term support between $0.215 and $0.220, with resistance around $0.233. If the support fails, the price could drop to $0....

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Ether (ETH) rebounds above $2,500 as short sellers face major liquidations totaling $186.8M.

Ether (ETH) rebounds above $2,500 as short sellers face major liquidations totaling $186.8M.

Ether (ETH) price rose above $2,500 on October 21, marking its first move above this level since October 14. The rise coincided with significant liquidations in the crypto market, where $272 million worth of positions were forcibly closed, with short...

Market News
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RENK sells its slide bearings business to Miba to focus on defense sector growth

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RENK Group AG is selling its slide bearings business to Austrian company Miba AG as part of a strategic shift to focus more on its defense sector. The sale supports RENK's plan to increase defense-related revenue to about 90% by 2030, while the civil...

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RENK sells slide bearings business to Miba, focusing on defense sector growth.

RENK sells slide bearings business to Miba, focusing on defense sector growth.

RENK Group AG has sold its slide bearings business to Austrian company Miba AG to sharpen its focus on the defense sector, aiming to increase defense-related revenue to 90% by 2030. The sale does not affect RENK's Marine & Industry civilian business,...

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