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Bitcoin rebounds above $83,000 despite tech stock sell-off ahead of US inflation data

Market News
13 Oct 2026
Coindesk
View Source
Neutral
Bitcoin rebounds above $83,000 despite tech stock sell-off ahead of US inflation data

Bitcoin recovered above $83,000 after briefly dipping below $81,000, decoupling from a sharp sell-off in Asian chip stocks and weakness in Nasdaq futures. Elevated oil prices due to Middle East tensions raised inflation concerns, increasing the likelihood of Federal Reserve rate hikes that could pressure cryptocurrencies. Traders are now focused on the upcoming US consumer price index report, with expectations that institutional investors may hedge their crypto holdings rather than reduce exposure. This suggests continued institutional interest in cryptocurrencies despite market volatility.

Bitcoin trades at Rp1.490.000.000 on Pluang, showing a slight 0.27% decrease as of Oct 13, 2026 11:31 WIB, while Ethereum and XRP are down 1.21% and 2.68% respectively. Despite the article noting Bitcoin's recovery above $83,000, on Pluang the crypto market reflects modest declines amid ongoing inflation concerns and geopolitical tensions. XRP's 56% buy activity on Pluang indicates some continued investor interest even as prices dip.

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