Bitcoin reclaims $83,000 as stocks turn higher and ETF inflows return

Bitcoin pushed back above $83,000 on Tuesday, the level that capped it on Monday, as stocks turned higher, according to CoinDesk's live coverage. The rebound followed the biggest daily inflow into US spot bitcoin ETFs in nearly a month, almost all of it into BlackRock's fund.

Bitcoin

Bitcoin traded at $83,187 in CoinGecko's snapshot at 14:17 UTC, up 1.37% over 24 hours but still down 1.55% over seven days. CoinGecko lists a 24-hour range of $81,155 to $82,457, so the latest price sits above the listed high. Spot volume was $25.2 billion. View the BTC/USD chart.

The move reversed an early slide. CoinDesk reported earlier that bitcoin fell to around $81,400 as South Korea's Kospi dropped 3.7% on AI worries and options traders sought downside protection. CoinDesk also noted that Brent crude topped $111, adding to uncertainty. Our sister site covers how the oil rebound pushed US yields higher.

Ether and the majors

Altcoins outpaced bitcoin on the day, but every major in the list remains lower on the week. Ether rose 2.79% to $2,461.11. Solana led the group with a 3.86% gain. Cardano is still the weakest over seven days.

For XRP, Cointelegraph reports that more than 6 billion tokens reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March.

Breadth and sentiment

Total crypto market capitalisation stands at $2.811 trillion, per CoinGecko. Bitcoin dominance is 59.6% and Ether's share is 10.7%.

The Crypto Fear & Greed Index reads 55, labelled Greed, down from 59 on Monday. Over the past eight days it has moved between 53 and 63 without a clear trend, flipping between Neutral and mild Greed.

What moved the market

• ETF flows. CoinDesk reports that spot bitcoin ETFs had their biggest day in a month thanks entirely to BlackRock, while Fidelity's FBTC and Grayscale's GBTC saw outflows of $83.6 million and $54.9 million. Decrypt puts IBIT's intake at $665 million and says BlackRock filed for a "buffer" bitcoin ETF that would use options on IBIT to limit losses.
• French stablecoin tax. CoinDesk reports that France's parliament approved an amendment removing tax deferral for MiCA-compliant stablecoins from January 2027, subjecting such swaps to a 31% capital gains levy. Decrypt says it passed by a single vote.
• Swiss retail ETF. Cointelegraph reports that FINMA approved Switzerland's first bitcoin ETF for retail investors and that multiple providers have applied.
• JPMorgan outlook. According to CoinDesk, JPMorgan sees 10% annual bitcoin returns over the next decade, ahead of stocks, bonds and gold, though the bank stays cautious on bitcoin's portfolio role.
• Kazakhstan. A court barred Coinbase and five others from unlicensed services within the Astana International Financial Centre only, CoinDesk reports.

What to watch next

1. Mt. Gox. Decrypt reports the trustee pushed the repayment deadline to 2027 with $2.8 billion in bitcoin still to distribute.
2. Tokenized stocks. CoinDesk says Microsoft, Alphabet and Goldman Sachs joined objections to the planned OKX-ICE venue, bringing the disclosed count to 16.
3. XRP Ledger lending. Decrypt reports developers published a repair amendment while the original lending feature still awaits validator approval.
4. BlackRock's buffer ETF filing and further Swiss ETF applications.