--- title: "Pepe climbs 13% as memecoins and altcoins rebound with bitcoin near $81,700" description: "CoinDesk reported that pepe climbed 13% as memecoins rebounded, with a memecoin gauge up 2.9%. The same report said bitcoin rose 0.5% to around $81,700 since midnight UTC, ether added 0.9% and the CoinDesk 80 altcoin index gained 0.7%, following a tech-led selloff the previous day. Reported by…" language: en canonical: "https://whycoinmoves.com/en/events/pepe-bitcoin-steadies-near-81-700-3096bfea0156a6" published: 2026-10-23T10:57:16.000Z updated: 2026-10-23T11:04:10.000Z indexable: false --- # Pepe climbs 13% as memecoins and altcoins rebound with bitcoin near $81,700 CoinDesk reported that pepe climbed 13% as memecoins rebounded, with a memecoin gauge up 2.9%. The same report said bitcoin rose 0.5% to around $81,700 since midnight UTC, ether added 0.9% and the CoinDesk 80 altcoin index gained 0.7%, following a tech-led selloff the previous day. Reported by… Attributed sources: [CoinDesk]() ## Key facts CoinDesk reported that pepe climbed 13% as memecoins rebounded, with a memecoin gauge up 2.9%. The same report said bitcoin rose 0.5% to around $81,700 since midnight UTC, ether added 0.9% and the CoinDesk 80 altcoin index gained 0.7%, following a tech-led selloff the previous day. Evidence strength: Single source, 1 publisher group(s) (CoinDesk); this describes source coverage, not truth or causation. No complete post-detection return window is available yet. In the preceding 30 days, the 99th percentile of absolute hourly returns was 3.39% (OKX · USDT; cutoff 23/10/2026, 10:57, 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 | — | — | — | — | — | | 1 hour | — | — | — | — | — | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.45% | | 99th percentile of absolute hourly returns | 3.39% | | BTC beta | 2.13 | | Source / cutoff (UTC) | OKX · USDT / 23/10/2026, 10:57 | ## Claims and open questions - CoinDesk reported that pepe climbed 13% while the memecoin gauge rose 2.9%. - CoinDesk reported bitcoin rose 0.5% to around $81,700 since midnight UTC, ether rose 0.9% and the CoinDesk 80 added 0.7%. - CoinDesk reported the rebound followed a tech-led selloff in which the Nasdaq Composite fell 2.6%, and that U.S. spot bitcoin ETFs lost $635 million on Thursday according to SoSoValue data. - What drove pepe's gain specifically, such as a project announcement, exchange notice or on-chain activity, versus the broader memecoin rebound the report describes? - Does the reported $635 million in spot bitcoin ETF outflows reflect a single day's figure or a cumulative total, and what did its publisher state exactly? ## Source evidence - [Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%]() — CoinDesk; published 23/10/2026, 10:54; received 23/10/2026, 10:57 (UTC). ## Recent PEPE events and market reactions - [Why did PEPE drop 1.11% in 1 minute? Evidence check: Pepe falls in a sharp one-minute move while other tracked coins are little changed · 2026-10-23]() — Received 23/10/2026, 17:31 (UTC) · Cause unresolved · Market watch · 5m +0.17% / 1h +0.06% - [Full coin archive]() ## Recent General news events on other coins - [BTC: Bitcoin Core changes security policy for AI-discoverable bugs]() - [ETH: Ethereum developers postpone Glamsterdam upgrade on Hoodi testnet]() - [STRK: Starknet community backs research into independent post-quantum Layer 1]() - [General news]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.