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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

U.S. inflation shock sends bitcoin below $82,000 on revived rate hike fears

Bitcoin slid below $82,000 after the release of the U.S. September consumer price index, as inflation came in above market expectations and revived fears of additional Federal Reserve rate hikes. Crypto assets, stocks and gold weakened while U.S. Treasury yields rose. Core CPI also exceeded forecasts, pointing to inflation pressure beyond energy. Markets raised the implied probability of a 0.25 percentage-point hike at the October Fed meeting.