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Bitcoin Gains 1.94% to $82,529 as Trading Volume Contracts

The Fear & Greed Index reached 63, while CoinGlass recorded a net flow of 3,784 BTC to exchanges.

Updated 2 min read
A Bitcoin token sits beside a thinning row of trading volume markers in an editorial market graphic. / TokenPost.ai (macro)
A Bitcoin token sits beside a thinning row of trading volume markers in an editorial market graphic. / TokenPost.ai (macro)

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Bitcoin (BTC) rose 1.94% to $82,529 in an intraday quote as trading volume dropped 24.68%, while CoinMarketCap's Oct. 16 daily record was $81,356.74 at 00:00 UTC.

CoinMarketCap's volume figure was $31.91 billion. It also put Bitcoin's market dominance at 59.80%, down 0.27%. Dominance tracks the asset's share of the crypto market, and that reading moved lower even as its quoted price rose.

Binance's daily return figures were uneven from Oct. 12 through Oct. 16. Bitcoin fell 2.30% on Oct. 12, rose 1.61% on Oct. 13, lost 1.79% on Oct. 14, gained 0.69% on Oct. 15 and added 0.49% on Oct. 16. Binance also reported MACD readings, a momentum indicator, of 297 on the daily chart and 2,352 on the weekly chart; both were above zero.

Alternative's Fear & Greed Index stood at 63, a level classified as greed. Alternative said the index had been 53 on the prior day and 59 seven days earlier. Google Trends gave Bitcoin a search-interest score of 56, up from 51. The two measures pointed to stronger sentiment and search activity, while trading volume declined.

CoinGlass listed 2,450,859 BTC in exchange reserves, an increase of 0.15 BTC, and a net flow of 3,784 BTC to exchanges. Coin Metrics counted 655,475 active addresses on Oct. 15, down from 659,489 the previous day. The figures track separate measures: exchange balances and activity on the Bitcoin network.

CNBC data showed the S&P 500 up 0.33% at 7,744.06 and gold up 0.03% at $4,171.44. Both markets recorded small gains alongside Bitcoin's reported advance.

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