Bitcoin reaches new high at $83,000

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By David Miller • Updated Oct 22, 2026 at 15:05

iShares Bitcoin Trust ETF (IBIT) Stock Price, News, Quote & History - Yahoo! Finance Canada — Bitcoin reaches new high at $83,000

Bitcoin price surge above $83,000 as market optimism grew. However, the price subsequently fell below $83,000 as uncertainties in the tech sector caused market turmoil. DeFi tokens also contributed to a drop in crypto markets following a Wednesday surge in Bitcoin's price. JPMorgan's report predicted Bitcoin could outperform gold, stocks, and bonds but noted potential challenges. A crypto analyst warned of short-term price manipulation in Bitcoin, XRP, and Cardano.

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