Bitcoin reclaims $84,500 as OCC finalizes GENIUS Act stablecoin rules
BTC when published $84,436Now $80,595 ▼ −4.55% since it was published
Bitcoin has reclaimed $84,500 as the Office of the Comptroller of the Currency has finalized its GENIUS Act stablecoin rules, while traders have added leveraged positions during the recovery. Stablecoin regulations take effect Jan. 18, 2027, with existing rewards programs receiving no automatic exemption. Open interest rose 5.5% in Ted Pillows’ snapshot, outpacing Bitcoin’s accompanying 2.78% price gain. Daily RSI reached 58.26, while Ali Charts identified $86,500 as Bitcoin’s immediate upside target. Estimated liquidation concentrations sit near $85,300–$85,500 above price and $83,600–$83,800 below. TradingView’s Binance BTC/USDT daily chart recorded Bitcoin at $84,539.61 at 8:25 p.m. UTC on Oct. 21, with the session still open. The chart showed an intraday high of $84,898 and a low of $82,635.32, placing the latest price above its 20-day moving average.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
