---
title: "Bitcoin rebounds above $81,000 as Asian chip rally lifts crypto markets"
description: "Bitcoin rose about 0.8% since midnight UTC to $81,400 on Monday, up from below $80,000 on Tuesday, CoinDesk reported. Ether gained 0.9% and the CoinDesk…"
language: en
canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-rebounds-above-81-000-7770b43823e761"
published: 2026-10-28T11:33:57.000Z
updated: 2026-10-28T12:34:01.000Z
indexable: true
---

# Bitcoin rebounds above $81,000 as Asian chip rally lifts crypto markets

Bitcoin rose about 0.8% since midnight UTC to $81,400 on Monday, up from below $80,000 on Tuesday, CoinDesk reported. Ether gained 0.9% and the CoinDesk…

Attributed sources: [CoinDesk](<https://www.coindesk.com/markets/2026/10/28/bitcoin-rebounds-above-usd81-000-as-asian-chip-rally-spills-into-crypto-pepe-jumps-9>)

## Key facts

Bitcoin rose about 0.8% since midnight UTC to $81,400 on Monday, up from below $80,000 on Tuesday, CoinDesk reported. Ether gained 0.9% and the CoinDesk Memecoin Index advanced 1.3%, while pepe added 9%. U.S. spot ETFs took in $176 million on Tuesday, a second day of inflows.
Evidence strength: Single source, 1 publisher group(s) (CoinDesk).
After site detection, observed returns were 5 minutes: -0.01% (Oct 28, 2026, 11:33 → Oct 28, 2026, 11:38, UTC; Gate · USDT); 1 hour: -0.71% (Oct 28, 2026, 11:33 → Oct 28, 2026, 12:33, UTC; Gate · USDT)
In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff Oct 28, 2026, 11:33, UTC).

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | -0.01% | -0.01% | 0.00 pp | Oct 28, 2026, 11:33 → Oct 28, 2026, 11:38 | Gate · USDT |
| 1 hour | -0.71% | -0.71% | 0.00 pp | Oct 28, 2026, 11:33 → Oct 28, 2026, 12:33 | Gate · USDT |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Coverage | 100.0% (720/720) |
| Median absolute hourly return | 0.14% |
| 99th percentile of absolute hourly returns | 1.01% |
| BTC beta | 1.00 |
| Source / cutoff (UTC) | OKX · USDT / Oct 28, 2026, 11:33 |

## Claims and open questions

- Bitcoin rose around 0.8% since midnight UTC to $81,400, recovering after dropping below $80,000 on Tuesday, CoinDesk reported.
- Ether gained 0.9% and the CoinDesk Memecoin Index advanced 1.3%, while pepe added 9%, according to CoinDesk.
- U.S. spot ETFs took in $176 million on Tuesday, a second day of inflows, CoinDesk reported.
- Whether the ETF inflows continued beyond Tuesday would require the issuers' or exchanges' own fund data.

## Source evidence

- [Bitcoin rebounds above $81,000 as Asian chip rally spills into crypto, pepe jumps 9%](<https://www.coindesk.com/markets/2026/10/28/bitcoin-rebounds-above-usd81-000-as-asian-chip-rally-spills-into-crypto-pepe-jumps-9>) — CoinDesk; published Oct 28, 2026, 11:32; received Oct 28, 2026, 11:33 (UTC).


## Recent BTC events and market reactions

- [Bitcoin Core releases versions 30.4, 31.2 and 32.1](<https://whycoinmoves.com/en/events/bitcoin-bitcoin-core-32-1-released-0649bceffba900>) — Published Oct 27, 2026, 04:00 (UTC) · Official source (1 publisher) · Project updates · 5m +0.03% / 1h -0.13%
- [Bitwise lifts 2036 bitcoin price target to about $1.6 million](<https://whycoinmoves.com/en/events/bitcoin-bitwise-raises-bitcoin-target-1-c2aa835fbc64ba>) — Published Oct 28, 2026, 15:07 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.04% / 1h -0.13%
- [Itaú registers with Brazil's central bank as crypto intermediary and custodian](<https://whycoinmoves.com/en/events/bitcoin-brazilian-banking-giant-itau-formalizes-69d0b18aaaa920>) — Published Oct 28, 2026, 13:46 (UTC) · Single source (1 publisher) · Regulation · 5m +0.16% / 1h +0.21%
- [Bitcoin ETF inflows climb to $176M as BTC rebounds above $80K](<https://whycoinmoves.com/en/events/bitcoin-bitcoin-etf-inflows-climb-176m-39e18b34caec17>) — Published Oct 28, 2026, 07:57 (UTC) · Single source (1 publisher) · Market watch · 5m +0.01% / 1h +0.36%
- [Datavault AI shares drop about 50% after filing says bitcoin could not be withdrawn](<https://whycoinmoves.com/en/events/bitcoin-datavault-ai-stock-plummets-50-5585537ca2ec8e>) — Published Oct 28, 2026, 03:00 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.02% / 1h +0.25%
- [Full coin archive](<https://whycoinmoves.com/en/coins/bitcoin>)

## Research for this archive

- [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns](<https://whycoinmoves.com/en/research/hourly-returns-and-bitcoin-beta.md>)
- [Will Bitcoin go back up? Every crash since 2011 and its recovery time](<https://whycoinmoves.com/en/research/bitcoin-crash-recovery-time.md>)
- [Perpetual funding rates and annualized yield: a 2025 comparison](<https://whycoinmoves.com/en/research/funding-rates-versus-investor-returns.md>)
- [Bitcoin halving and bull markets: evidence from four halvings](<https://whycoinmoves.com/en/research/bitcoin-halving-and-market-cycles.md>)

Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations](<https://whycoinmoves.com/en/methodology>)