Bitcoin steadies near $81,700 as altcoins rebound and pepe surges 13%

Bitcoin holds above $80,800 (about AED 296,700) while altcoins recover, with pepe posting a notable 13% gain.

Bitcoin steadied near $81,700 (about AED 300,200) after a period of volatility, with the cryptocurrency trading at $80,830.99 (about AED 296,700), up 0.17%. The broader digital asset market also saw a rebound, as altcoins recovered from recent declines and investor sentiment improved.

Altcoins showed renewed strength, with pepe leading the gains by climbing 13%. Ethereum traded at $2,365.15 (about AED 8,681), down 0.44%, while XRP rose 1.70% to $1.31 (about AED 4.81). Solana also advanced, up 0.24% at $102.53 (about AED 376.80). These moves highlighted a shift in risk appetite as traders rotated into select tokens following bitcoin’s stabilization.

Market data from CoinDesk indicated that the CD20 index stood at $2,225.67 (about AED 8,177), up 0.27%. The recovery in altcoins was accompanied by moderate trading activity, reflecting cautious optimism among market participants. Pepe’s double-digit gain stood out against a backdrop of mixed performance across major tokens.

While bitcoin maintained its position above the $80,000 threshold, the market’s focus turned to the resilience of altcoins and the potential for further rotation within the digital asset space. The latest price action suggested that investors remain attentive to both macroeconomic signals and sector-specific developments as the market seeks direction.

Source: https://www.coindesk.com/markets/2026/10/23/bitcoin-steadies-near-usd81-700-as-altcoins-rebound-pepe-climbs-13