--- title: "Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets" description: "Bitcoin gave back a late run to about $85,000 and was flat just under $82,800 on Thursday Asian morning, CoinDesk reported, after mixed Tesla and Meta results sent Nasdaq futures lower. Cointelegraph said the retreat followed Tesla's lower-than-expected Q3 capital expenditure. Reported by CoinDesk,…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-gives-back-its-run-c5768e2dae0af9" published: 2026-10-22T03:55:58.000Z updated: 2026-10-22T10:49:24.000Z indexable: true --- # Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets Bitcoin gave back a late run to about $85,000 and was flat just under $82,800 on Thursday Asian morning, CoinDesk reported, after mixed Tesla and Meta results sent Nasdaq futures lower. Cointelegraph said the retreat followed Tesla's lower-than-expected Q3 capital expenditure. Reported by CoinDesk,… Attributed sources: [CoinDesk](), [Cointelegraph]() ## Key facts Bitcoin gave back a late run to about $85,000 and was flat just under $82,800 on Thursday Asian morning, CoinDesk reported, after mixed Tesla and Meta results sent Nasdaq futures lower. Cointelegraph said the retreat followed Tesla's lower-than-expected Q3 capital expenditure. Evidence strength: Multiple publishers, 2 publisher group(s) (CoinDesk, Cointelegraph); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.13% (22/10/2026, 03:55 → 22/10/2026, 04:00, UTC; Gate · USDT); 1 hour: +0.04% (22/10/2026, 03:55 → 22/10/2026, 04:55, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 22/10/2026, 03:55, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.13% | +0.13% | 0.00 pp | 22/10/2026, 03:55 → 22/10/2026, 04:00 | Gate · USDT | | 1 hour | +0.04% | +0.04% | 0.00 pp | 22/10/2026, 03:55 → 22/10/2026, 04:55 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 22/10/2026, 03:55 | ## Claims and open questions - CoinDesk reported bitcoin cleared $84,000, topped out near $84,800 late Wednesday, then dropped more than $2,000 in about six hours to around $82,600, sitting on $82,500 support. - CoinDesk reported Nasdaq 100 futures fell 1.1% and South Korea's Kospi dropped 2.2% as tech shares retreated. - Cointelegraph reported bitcoin reversed a run toward $85,000 after Tesla reported lower-than-expected capital expenditure in Q3. - Tesla's reported capital expenditure figure is not given; its Q3 filing or earnings release would confirm the amount and its comparison with expectations. ## Source evidence - [Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves]() — CoinDesk; published 22/10/2026, 03:51; received 22/10/2026, 03:55 (UTC). - [Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls]() — Cointelegraph; published 22/10/2026, 10:38; received 22/10/2026, 10:48 (UTC). ## Recent BTC events and market reactions - [Chinese prosecutors seek confiscation of 61,896 BTC seized in UK Qian case]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (2 publishers) · General news · 5m -0.02% / 1h -0.41% - [US spot bitcoin ETFs draw $1.08 billion over three trading sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.05% / 1h +0.07% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [BlackRock files for buffer bitcoin ETF with capped upside and limited losses]() — Published 20/10/2026, 14:28 (UTC) · Multiple publishers (5 publishers) · Market watch · 5m +0.09% / 1h -0.57% / 24h +1.13% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.