--- title: "Cointelegraph reports bitcoin briefly hit $83,300 as US stocks rose on Q3 earnings" description: "Cointelegraph reported that bitcoin's price rose to $83,300 before reversing at a 21-day trend line, as strong US corporate earnings for the third quarter lifted stock markets. The report attributes the advance to higher stock markets, with the reversal coming at the 21-day trend line. No figures…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-price-spikes-83-3k-2cd53112251510" published: 2026-10-20T16:27:57.000Z updated: 2026-10-21T16:28:58.000Z indexable: false --- # Cointelegraph reports bitcoin briefly hit $83,300 as US stocks rose on Q3 earnings Cointelegraph reported that bitcoin's price rose to $83,300 before reversing at a 21-day trend line, as strong US corporate earnings for the third quarter lifted stock markets. The report attributes the advance to higher stock markets, with the reversal coming at the 21-day trend line. No figures… Attributed sources: [Cointelegraph]() ## Key facts Cointelegraph reported that bitcoin's price rose to $83,300 before reversing at a 21-day trend line, as strong US corporate earnings for the third quarter lifted stock markets. The report attributes the advance to higher stock markets, with the reversal coming at the 21-day trend line. No figures beyond the price level were given. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.16% (20/10/2026, 16:27 → 20/10/2026, 16:32, UTC; Gate · USDT); 1 hour: +0.34% (20/10/2026, 16:27 → 20/10/2026, 17:27, UTC; Gate · USDT); 24 hours: +2.63% (20/10/2026, 16:27 → 21/10/2026, 16:27, 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 20/10/2026, 16:27, 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 | +0.16% | +0.16% | 0.00 pp | 20/10/2026, 16:27 → 20/10/2026, 16:32 | Gate · USDT | | 1 hour | +0.34% | +0.34% | 0.00 pp | 20/10/2026, 16:27 → 20/10/2026, 17:27 | Gate · USDT | | 24 hours | +2.63% | +2.63% | 0.00 pp | 20/10/2026, 16:27 → 21/10/2026, 16:27 | Gate · USDT | ## 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 / 20/10/2026, 16:27 | ## Claims and open questions - Cointelegraph reported that bitcoin reached $83,300 before reversing at a 21-day trend line. - Cointelegraph reported that high US corporate earnings reports boosted stock markets. - Which companies' Q3 earnings Cointelegraph was referring to, and whether the outlet named specific results, would need the full article to confirm. - Who or what identified the 21-day trend line as the reversal level, and whether any named analyst or the publication itself made that call, is not stated. ## Source evidence - [Bitcoin price spikes to $83.3K as US stocks rise on Q3 earnings, oil falls]() — Cointelegraph; published 20/10/2026, 16:14; received 20/10/2026, 16:27 (UTC). ## Recent BTC events and market reactions - [US spot bitcoin ETFs return to net outflows with $636 million withdrawn]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m -0.02% / 1h +0.13% - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [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% - [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.