# Bitcoin price falls back to $82,800 (about Rs 2.29 crore) after failing at $84,800

Source: Searchable (https://searchable.pk/news/crypto/bitcoin-price-falls-back-to-dollar82800-about-rs-229-crore-after-failing-at)
Type: News article
Author: Searchable Editorial
Published: 22 Oct 2026
Updated: 22 Oct 2026
Retrieved: 25 Oct 2026

> Bitcoin dropped more than $2,000 in six hours as weak Tesla and Lam Research outlooks soured the mood on AI stocks. Traders are watching $82,500.

**Bitcoin was trading just under $82,800 on Thursday morning, about Rs 22.9 million (Rs 2.29 crore) at today's dollar rate, after a run at $85,000 failed late on Wednesday**, [CoinDesk reported](https://www.coindesk.com/markets/2026/10/22/bitcoin-gives-back-its-run-at-usd85-000-as-tesla-and-meta-fail-to-calm-ai-nerves). It touched about $84,800, then lost more than $2,000 in roughly six hours to around $82,600.

Our [bitcoin price page](/data/btc-usd) recorded **$82,845** at this morning's reading, down from $84,310 a day earlier, a fall of about 1.7%. At the interbank [dollar rate](/data/usd-pkr) of Rs 276.86, that is roughly **Rs 22,936,000** a coin.

## Why bitcoin fell

The drop came with a wider sell-off in technology shares after US results on Wednesday evening, according to CoinDesk:

- **Tesla** fell 3% in after-hours trade after cutting its capital spending forecast.
- **Lam Research**, which makes chipmaking equipment, dropped 7% on a weak outlook.
- **Meta** rose 2% after raising its AI spending plans, but that did not lift the mood.
- Nasdaq 100 futures fell 1.1% and S&P 500 futures 0.5%; South Korea's Kospi fell 2.2% and China's CSI 300 1.7%.
- Oil rose on renewed tension in the Middle East.

Bitcoin has been trading like a technology stock this month, so doubts about how much the big companies are spending on AI have spilled into crypto.

## The levels traders are watching

| Level | Why it matters |
|---|---|
| $84,000 | Turned the price back on 13 and 14 October, and again this week |
| $82,500 | Support; market watchers quoted by CoinDesk warn a break could open a slide toward $70,000 |

## Other coins, Thursday morning

| Coin | Move | Approx. price |
|---|---|---|
| Ether (ETH) | down less than 1% | $2,443, about Rs 676,000 |
| Zcash (ZEC) | up nearly 3% | about $1,290 |
| XRP | up less than 1% | about $1.35 |
| Solana (SOL) | down about 1% | about $105 |
| Dogecoin (DOGE) | down 2% | |
| Hyperliquid (HYPE) | down 3% | about $79 |

Rupee figures are worked out at Rs 276.86 to the dollar. Track ether on our [ether price page](/data/eth-usd), and convert any amount with the [currency converter](/tools/finance/currency-converter).

## Before you buy

Crypto trading by individuals is still not regulated in Pakistan the way bank deposits or shares are, and a 1.7% fall in a day is a normal move for bitcoin. If you hold crypto through an overseas exchange, keep records of what you paid in rupees: gains may be taxable, and our [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) shows how gains on other assets are taxed.

## Frequently asked questions

**What is the bitcoin price in Pakistani rupees today?**

About Rs 22.9 million (Rs 2.29 crore) on 22 October 2026, with bitcoin near $82,845 and the dollar at Rs 276.86 on our data pages.

## Sources

- Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves (22 Oct 2026) (CoinDesk): https://www.coindesk.com/markets/2026/10/22/bitcoin-gives-back-its-run-at-usd85-000-as-tesla-and-meta-fail-to-calm-ai-nerves
- Searchable: Bitcoin price (BTC/USD) data page, 22 Oct 2026 (Searchable): https://searchable.pk/data/btc-usd

How to cite: "Bitcoin price falls back to $82,800 (about Rs 2.29 crore) after failing at $84,800", Searchable, 22 Oct 2026, https://searchable.pk/news/crypto/bitcoin-price-falls-back-to-dollar82800-about-rs-229-crore-after-failing-at