Bitcoin Rebounds to $82K as Whale Wallets Hit Record High

Bitcoin rose 1.7% to around $82,300 on Friday, October 16, as the broader cryptocurrency market recovered, while on-chain data showed the number of wallets holding between 10 and 10,000 BTC reaching a record high. The global crypto market capitalization increased 2.3% over 24 hours to $2.864 trillion, according to the market data provided. Large Bitcoin Holder Count Reaches All-Time High Santiment reported on X that the number of Bitcoin wallets holding between 10 and 10,000 BTC had climbed to 20,338, an all-time high.