Bitcoin regained the $83,000 level after a rebound in U.S. stocks, rising 1.5 percent after Wall Street opened and reaching its highest level since Oct. 14. The move coincided with improved risk appetite after U.S. companies beat third-quarter expectations. Oil prices also retreated, supporting buying in cryptocurrencies. Data showed $125 million in short liquidations in an hour and higher futures open interest. Traders are watching key moving-average levels and major U.S. tech earnings.

CNBC commentator Jim Cramer said a recent plunge in AI-related shares may be distorted by fund flows, likening the joint slide in semiconductor and data centre stocks to automated selling seen in the 1987 Black Monday crash. He pointed to a gap between stock prices and corporate value and suggested hedge fund liquidations could be driving the move, though further liquidations were not confirmed. Cramer urged investors to distinguish fundamentals-driven declines from supply-demand pressures outside company control.