October 13th 2026, 11:35 AM
Crypto Prices Regain Ground Amid Spot Buyers' Surge
Key Summary
Bitcoin and Ethereum prices are gaining ground this morning as spot buyers step up, driven by strong demand and a 'V-shaped recovery' in Bitcoin, according to analyst Ted Pillows. Despite the morning dip, the rebound is attributed to real buying power behind the prices, with spot buyers leading the charge.
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Market Update
Bitcoin (BTC) opened at $81,754.48 on Tuesday, October 13, 2026, down 2.3% from Monday's open. As of 7:12 a.m. ET this morning, bitcoin rose to $83,120.85.Ethereum Update
Ethereum (ETH) opened at $2,444.14 on Tuesday, October 13, 2026, down 3.6% compared to Monday's opening price. The price of ethereum edged higher this morning to $2,491.44 as of 7:12 a.m. ET.Rebound in Focus
The price rebound we're seeing today with bitcoin prices is a bit unique, as spot buyers lead the charge: Bitcoin recovered to around $84,000 on Tuesday, but the bounce came without the crowd that usually fuels one. Spot buyers led the move, while leveraged traders and Exchange-Traded Fund (ETF) investors stayed away.Strong Spot Demand
Analyst Ted Pillows said the rebound came with real buying behind it. 'V-shaped recovery in $BTC with strong spot demand. Looks good,' he wrote on X. Spot demand meant that investors were buying Bitcoin outright, rather than betting on its price with borrowed money in futures markets.#Bitcoin#US#Crypto#Ethereum