Bitcoin recovered above $84,000 on Monday, rebounding from a sharp correction that briefly pushed its price below $81,000 last week. Ethereum and XRP also regained ground, reclaiming $2,500 and $1.40. The recovery lifted the three major cryptocurrencies, although Bitcoin's momentum indicators suggest the rebound has yet to develop into a decisive breakout. However, substantial withdrawals from US spot Bitcoin exchange-traded funds and elevated Treasury yields continued to temper optimism. Analysts said Bitcoin's ability to hold $82,000 would be important in limiting the risk of another decline. Crypto rallies following Russian Diesel agreement The rally comes after President Donald Trump's Friday announcement of an agreement for Russia to supply 300,000 metric tons of diesel fuel to domestic and international markets.
A 65.51-Bitcoin sell order stood 0.40% above Coinbase's $83,506 midpoint, while visible sell-side depth exceeded bids by about $77,500.
Fidelity's FBTC led weekly withdrawals at $380 million, while Morgan Stanley's MSBT posted the largest inflow at $7.8413 million.
Four prompt-generated scenarios produced sharply different estimates, while the timing of quantum computers capable of threatening current encryption remains unknown.
Onchain analyst Willy Woo stirred fresh debate over Bitcoin's long-term security on Sunday, Oct. 11, 2026, after sharing artificial intelligence (AI)-generated estimates suggesting a 1.3% probability that Bitcoin's digital signatures could be broken within two years. Drawing inspiration from Woo's X post, Bitcoin.
A seller-exhaustion indicator has reached levels near prior local tops, while $84,000-$85,000 remains the largest cost-distribution zone.
Bitcoin has spent recent sessions trading in a relatively tight band between roughly $82,000 and $83,000, a range that has left many crypto industyr participants underwhelmed.
About 603 Bitcoin remains missing from Liquid's reserve after a September software exploit, while the network undergoes security work.
Bitcoin options open interest rose 0.5% to $37.36 billion, with calls making up 60.5%. The Binance Oct. 12 $85,000 call led volume.
Bitcoin traded at 113.35 million won as 35 of 53 active Korean crypto names advanced. Kaia led turnover despite a 9.2% decline, while liquidations reached $158.83 million.
Adam Back, the longtime Bitcoin cryptographer whose early work was referenced by Satoshi Nakamoto and who has repeatedly denied speculation that he is Bitcoin's creator, recently sharpened his critique of Ethereum's foundational design.
The consultation covers open-source development, self-custody, automated smart contracts and permissionless infrastructure. Current rules remain unchanged.