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Crypto

Bitcoin tussles around $83,000; conditions for further gains

Bitcoin is trading around $83,000 and holding above key trend lines, while remaining in a neutral zone where it could move either way. The broader crypto market rebounded, with total market value up about 2 percent to $2.8 trillion and the Fear and Greed Index at 51. Technical levels include the 50-day EMA at $80,702 and the 200-day EMA at $76,123. Analysts cite resistance at $87,371 and layered supports starting at $80,433.

Crypto

Bitcoin hits three-week low as KOSPI slumps and U.S. inflation shocks markets

Bitcoin fell as low as $80,154 on Oct. 15, its lowest level in about three weeks and the weakest since Sept. 20. Cointelegraph said risk aversion spread to crypto markets as South Korean stocks plunged and a U.S. inflation surprise hit sentiment. The KOSPI dropped 7.5 percent, while U.S. September CPI rose 3.7 percent year on year, fueling expectations of possible further Federal Reserve rate hikes.

Crypto

Bitcoin gives up gains as oil surges, market eyes U.S. inflation data

Bitcoin fell 2.2 percent after failing to hold above $84,000, giving up early-week gains after rising to $84,254 on Bitstamp, Cointelegraph reported. Rising tensions around Ukraine and the Middle East and a surge in oil prices weighed on sentiment. WTI climbed above $94 a barrel and Brent rose to $107.25, its highest since Sept. 16. Markets are watching upcoming U.S. CPI and PPI data, with oil seen as a potential inflation driver.