Bitcoin price rebounds above $82K after dipping below $80K

Bitcoin price has recovered above $82,000 on Friday, October 16, after briefly falling below $80,000, gaining approximately 1.9% over 24 hours as Asian stock markets rebounded from Thursday’s selloff. Summary Bitcoin recovered above $82,000 after briefly falling below $80,000 during Thursday’s volatile cryptocurrency trading session. CoinGecko recorded Bitcoin near $82,035, with market capitalization reaching approximately $1.65 trillion on Friday morning. Spot Bitcoin ETFs attracted $5.06 million Thursday, while Ethereum funds reportedly recorded $60.22 million outflows. Santiment reported 20,338 Bitcoin wallets holding between 10 and 10,000 BTC, reaching record high levels. Analysts identified $81,500 as immediate support, with liquidity above $84,000 remaining their next upside target. CoinGecko recorded BTC trading at $82,034.56, with a market capitalization of approximately $1.649 trillion and $32.88 billion in daily trading volume. The cryptocurrency traded between $79,805.99 and $82,508.10 during the previous 24 hours, recovering after buyers returned near the $80,000 level. The rebound followed a steep decline triggered by hotter-than-expected U.S. inflation data and renewe...