Bitcoin price recovered above $82,000 on October 16 after briefly falling below $80,000 during a volatile session triggered by stronger U.S. inflation data and tech stock selloffs. The rebound coincided with gains in Asian equity markets, including a nearly 3% rise in South Korea’s Kospi. Institutional activity showed mixed flows, with $5.06 million inflows into Bitcoin ETFs but $60.22 million outflows from Ethereum funds. Analysts identified $81,500 as immediate support and $84,000 as the next resistance level, noting that Bitcoin's weekly performance remains mostly unchanged amid sideways trading. Meanwhile, the number of large Bitcoin wallets reached a record high, indicating sustained interest from major holders despite price fluctuations.
Bitcoin trades at Rp1.470.000.000 on Pluang as of October 16, 2026, 14:01 WIB, showing a 1.41% gain in the past day. This price movement aligns with the article's note of Bitcoin rebounding above $82,000 after a brief dip. Meanwhile, Ethereum also gained 4.17% on Pluang, priced at Rp43.904.390, despite reported outflows from Ethereum funds. Pluang users show a buying bias with 62% buy orders for Bitcoin and balanced sell-buy activity for Ethereum, reflecting ongoing investor interest amid market volatility.
Crypto commentator The Modern Investor set bullish price targets for several cryptocurrencies, including XRP at $8.95, Bitcoin at $295,000, Ether at $11,000, and Cardano's ADA at $5. XRP's target represents a potential 573% increase from its $1.33 pr...
Bitcoin rose slightly by 0.39% to $82,106, while the overall cryptocurrency market capitalization declined by 2.16% to $2.77 trillion. Ether led gains among major assets, increasing 1.53% to $2,453, followed by Solana and XRP. Despite Bitcoin's small...
Bitcoin briefly fell below $80,000 but quickly rebounded to around $82,500, supported by buyers stepping in at key levels. Major cryptocurrencies like ZEC saw strong gains, while Asian stock markets, led by South Korean chipmakers, also recovered fro...
September's Consumer Price Index (CPI) increased by 0.6% from August, with a yearly rise of 3.7%, driven largely by a 9.1% increase in gasoline prices. Excluding food and energy, inflation rose 0.3% in September and 2.6% over the year. Following an o...
Starknet (STRK) surged 24.8% to $0.0962, topping 24-hour crypto gainers as most of the 90 largest non-stablecoin cryptocurrencies rose. Other notable gainers included Akedo (AKE) up 21.94%, Pyth Network (PYTH) up 21.38%, and LayerZero (ZRO) rising 11...
