Bitcoin reclaims $84,500 as OCC finalizes GENIUS Act stablecoin rules

Bitcoin has reclaimed $84,500 as the Office of the Comptroller of the Currency has finalized its GENIUS Act stablecoin rules, while traders have added leveraged positions during the recovery. Summary Stablecoin regulations take effect Jan. 18, 2027, with existing rewards programs receiving no automatic exemption. Open interest rose 5.5% in Ted Pillows’ snapshot, outpacing Bitcoin’s accompanying 2.78% price gain. Daily RSI reached 58.26, while Ali Charts identified $86,500 as Bitcoin’s immediate upside target. Estimated liquidation concentrations sit near $85,300–$85,500 above price and $83,600–$83,800 below. TradingView’s Binance BTC/USDT daily chart recorded Bitcoin at $84,539.61 at 8:25 p.m. UTC on Oct. 21, with the session still open. The chart showed an intraday high of $84,898 and a low of $82,635.32, placing the latest price above its 20-day moving average. The recovery followed Bitcoin’s retreat toward $81,200 a day earlier. As crypto.news previously reported, Bitcoin lost $82,000 support on Oct. 20 after attempts to hold that level failed, with BTC at $81,730.70 at the time. GENIUS Act rules retain limits on stablecoin rewards The OCC announced its final rule on Oct. 21, es...