Bitcoin Rebounds More Than 3% Toward $84,000 After Sharp Pullback

Bitcoin (BTC) rebounded more than 3% toward $84,000 Tuesday after trading near $81,000 earlier in the move, as markets weighed recent corporate buying and an upcoming U.S. inflation report.

Bitcoin reached about $84,074 after falling to roughly $81,017. Its intraday range stood at $80,948.40 to $84,070.40 as of 5:05 a.m. ET (9:05 a.m. UTC).

Strategy acquired 334 BTC between Oct. 1 and Oct. 4 for $28.7 million at an average price of $85,838.80 per bitcoin. The company held 848,000 BTC as of 4 p.m. ET on Oct. 4. The purchase used $15.7 million from MSTR stock-sale proceeds and $13 million in cash.

Derivatives positioning did not uniformly confirm renewed leverage behind the rebound. Bitcoin futures open interest declined during the initial recovery after falling during the broader pullback.

The Bureau of Labor Statistics is scheduled to release September Consumer Price Index data Wednesday at 8:30 a.m. ET (12:30 p.m. UTC). Bitcoin had dropped 7.9% from $87,197 on Oct. 2 to $80,347 on Oct. 8, during a period when crypto liquidations reached $1.18 billion over 24 hours.