BTC $83,843 (+1.15%) | October 12, 2026

Bitcoin rose from roughly $82,879 to $83,843, a gain of about 1.1 percent over the past 24 hours on muted volume.A quiet day. Price drifted inside its 30-day range with no identifiable catalyst; the weekly decline of 3.2 percent remains the dominant near-term context, and nothing today changes the near-term risk picture.

Bitcoin ETFs posted $386.3 million in net outflows across the first seven trading days of October, the most sustained early-month outflow streak in recent history.
Perpetual funding rates turned mildly negative at minus 0.20 basis points annualized, indicating shorts are slightly outnumbering longs in the derivatives market.
Strategy's Michael Saylor teased a potential Bitcoin purchase disclosure, with investors waiting an extra day to learn if the firm added to its treasury during the first week of October.
Ledger confirmed an unauthorized hardware implant in devices sold through a single Southeast Asian reseller, with potential losses exceeding $86 million, a supply-chain custody risk for self-custody holders.
Bitcoin's network hashrate held above 1,013 exahashes per second and the 50-day moving average at $81,062 continues to act as support, reflecting underlying network strength despite the weekly price decline.

Market Snapshot

Market Cap

$1.68T

24h Volume

$15.69B

Dominance

59.6%

Macro Context

How Bitcoin fits into the macro picture

Bitcoin's 90-day rolling correlation with the S&P 500 stands at 0.33, meaning macro equity moves explain only a fraction of Bitcoin's near-term price action. Against gold, the 90-day correlation is 0.53, placing Bitcoin closer to the monetary-asset camp than the risk-asset camp over this period. The dollar index edged down 0.09 percent today while equities gained modestly, a mildly constructive backdrop for risk assets. The next major macro input is the September CPI print on October 15, which will set the tone for rate expectations ahead of the October 28 FOMC meeting.

With a 90-day BTC-to-S&P 500 correlation of 0.33, Bitcoin is not tracking equities closely; the 0.53 correlation with gold over the same period reflects a moderate monetary-asset classification in current market conditions.

BTC vs Everything

Asset	24h	YTD	BTC Edge
SPXS&P 500	+0.59%	+12.57%	-19.36%
QQQNASDAQ-100	+0.51%	+20.86%	-27.64%
XAUGold	+0.36%	-10.83%

Market Snapshot

Macro Context

BTC vs Everything

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