# Crypto News, Oct 28, 2026: Bitcoin Recovers Above $80,000 as Galaxy Calls Bear Market Over, Whales Turn Cautious

> Bitcoin rose 0.83% to $80,676.04 on Oct. 27 after briefly dipping below $80,000. Galaxy Digital argued the bear market is over, while Glassnode flagged…

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- **Updated:** 2026-10-28
- **Category:** news
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## Key data

- **Desk:** Crypto
- **Date:** Wed, Oct 28, 2026
- **Stories:** 5
- **Outlets cited:** 9
- **Items screened:** 12
- **Freshness:** last 48h

Bitcoin rose 0.83% to $80,676.04 on Oct. 27 after briefly dipping below $80,000. Galaxy Digital argued the bear market is over, while Glassnode flagged Hyperliquid whales turning net short for the first time since June. ## Bitcoin rebounds above $80,000 as analysts split on direction Bitcoin slipped under $80,000 early on Oct. 27 before recovering in the second half of the U.S. session, trading at $80,676.04 in the early evening. Ethereum rose 1.08% to $2,345.46 and Solana gained 0.40% to $101.16. Galaxy Digital published a report arguing Bitcoin may be in an accumulation zone and …

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## Sources

1. [Crypto Market Today, Oct. 27: Bitcoin Bounces Back, but Whales Are Turning Bearish For the First Time Since June](https://www.fool.com/coverage/stock-market-today/2026/10/27/crypto-market-today-oct-27-bitcoin-bounces-back-but-whales-are-turning-bearish-for-the-first-time-since-june)
2. [Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares](https://www.theblock.co/news/business/2026-10-26-strategy-pauses-bitcoin-buys-repurchases-205-million-of-strc-preferred-shares-431699)
3. [Creating 'Net-New' Gold With Alchemy Becoming Real: Coinbase CEO Says You Can't 'Invent Anything' That Ra](https://www.benzinga.com/crypto/cryptocurrency/26/10/62609081/coinbase-ceo-brian-armstrong-bitcoin-gold-diamond)
4. [Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock](https://bitcoinmagazine.com/news/strategy-mstr-pauses-bitcoin-buying-205)
5. [Generali Group adds 100,985 shares of Bitcoin treasury company Strategy](https://www.tradingview.com/news/cryptobriefing:5f2b966ed094b:0-generali-group-adds-100-985-shares-of-bitcoin-treasury-company-strategy/)
6. [Prediction markets and derivatives drive Bernstein’s crypto stock outlook for Coinbase, Robinhood and Circle](https://www.theblock.co/news/markets/2026-10-26-prediction-markets-derivatives-drive-bernstein-crypto-stock-outlook-coinbase-robinhood-circle-431750)
7. [Coinbase Now Offers Fixed-Rate Bitcoin-Backed Loans. Here's What Crypto Investors Need to Know.](https://www.fool.com/investing/2026/10/27/coinbase-offers-fixed-rate-bitcoin-backed-loans/)
8. [US OCC Encourages Community Banks to Enter Stablecoin Issuance Ahead of January GENIUS Act Rollout](https://en.bloomingbit.io/feed/news/122989)
9. [OCC Stablecoin Rules: January 18 Start and Bank Issuance](https://bitcoinfoundation.org/news/regulation/occ-stablecoin-rules-january-18-start-bank-issuance-and-risks)
10. [Reserve Composition And Design In Stablecoin Regulation - Analysis](https://www.eurasiareview.com/27102026-reserve-composition-and-design-in-stablecoin-regulation-analysis)

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