📊 Good morning market update | Held above $83.4K, climbed to $84.9K before pulling back to $84.2K

As of 08:25 Beijing time on October 22, the three major cryptocurrencies were still in positive territory early Thursday, with Bitcoin leading the gains:

- Bitcoin: $84,212, 24h +1.21%, support $82,635, resistance $84,898
- Ethereum: $2,477, 24h +0.82%, support $2,437, resistance $2,527
- Binance Coin: $748.6, 24h +0.76%, support $739.9, resistance $751.9

Bitcoin closed last night at around $83.8K. The question for Thursday was whether it would first hold $83.4K or try $83.9K again. Its early-morning price is now around $84.2K, up about 0.4% from earlier last night, with $83.4K holding as support. After 21:00 last night, it briefly climbed to around $84.9K. It not only tested $83.9K but moved above it, before pulling back from the high to around $84.2K. Its 24h gain narrowed from +2.92% last night to +1.21%. The current price is still above last night's level, so this is a pullback after a climb, not a second drop. Bitcoin is leading the gains; Ethereum has edged down slightly from earlier last night, while Binance Coin is nearly flat. The price difference across sources is about 0.1%. Total crypto market capitalization is around $2.83 trillion, down 1.40% over 24h. In absolute terms, it's up from around $2.81 trillion earlier last night, though the broader market remains in the red over 24h.

📅 Today's watchlist:
1. Tesla did not sell any Bitcoin in the third quarter and still holds about 11,500 BTC, with an unrealized gain of about $288 million on its books for the quarter (PANews)
2. All three major U.S. stock indexes closed higher, with crypto-related publicly traded companies also gaining (PANews)
3. The UK Financial Conduct Authority issued two consultations to clarify the regulatory boundaries between decentralized finance and crypto; feedback is open until November 18 (PANews)

Data sources: Binance spot market, CoinGecko (as of 2026-10-22 08:25 UTC+8); news source: PANews.

Do you think Bitcoin will first hold $84.1K today, or try $84.9K again? Share your thoughts in the comments 👇

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