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Bitcoin rebounds above $83,300 amid mixed signals on market bottom and cautious US demand.

Market News
12 Oct 2026
Dailycoin
View Source
Neutral
Bitcoin rebounds above $83,300 amid mixed signals on market bottom and cautious US demand.

Bitcoin's price climbed above $83,300 following a 0.6% gain, supported by South Korea's Jeonbuk Bank launching Bitcoin-backed loans and on-chain data hinting at a possible October bottom. However, weak buying demand in the US and negative Coinbase Bitcoin Premium Index readings suggest uncertainty remains. Key factors to watch include US spot buying strength, ETF inflows, and overall demand growth to confirm a sustained recovery or further price pressure.

Bitcoin price today provides context for cryptocurrency markets. For readers following crypto, here is Pluang's market snapshot as of Oct 12, 2026 22:21 WIB: out of 50 major cryptocurrencies, 16 rose and 33 fell. Notable gainers include BAL at Rp16.297 (+11.14%), FIL at Rp21.520 (+9.57%) with a 78% sell order activity, and EOS at Rp12.649 (+8.13%).

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