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Crypto

Bitcoin recovers to $83,000 range as hopes rise ahead of FOMC

The cryptocurrency market rose after Bitcoin regained the $83,000 level. As of 8 a.m. on Oct. 21, Coin360 showed Bitcoin trading at $83,032, up 1.17 percent on the day, with a market share of 59.81 percent. Ether, XRP and several altcoins also gained, led by Zcash. The move followed a rebound in tech stocks and net inflows into crypto ETFs, while U.S. yields, oil prices and an upcoming FOMC meeting remained a burden.

Crypto

Bitcoin rebounds to $82,000, holds up as $1 trillion vanishes from AI, chip stocks

Cryptocurrency markets rebounded after a brief threat of breaking below $80,000, with bitcoin showing resilience. At 8 a.m. on Oct. 16, Coin360 data showed bitcoin at $82,331, up 0.83 percent, with a 59.63 percent market share. Ether and XRP also rose. Zcash posted the biggest gain among major altcoins, while OKB fell. Bitcoin had dipped to $79,950 on Oct. 15.

Crypto

Crypto optimism spreads across market as October bull-run hopes build

Tom Lee expressed optimism about the crypto market after responding to a post by Binance founder Changpeng Zhao. Market participants interpreted Zhao\'s post as hinting at an October bull run or a rise in Binance Coin, though it contained no specific forecast. Attention has also focused on Bitmine\'s ethereum purchases, as it nears a target of holding 5 percent of total supply and stakes most of its holdings for yield. Major cryptocurrencies have risen steadily over the past month.