Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains
Bitcoin rose 0.8% to around $82,700 as China’s GDP beat estimates and Nasdaq futures rebounded, while the CoinDesk 80 gained 1.3% and DeFi led gains.
Bitcoin BTC$81,961.08 is trading around $82,500, up around 0.5% since midnight UTC, extending a bounce from Sunday’s dip to roughly $80,700 and comfortably above Thursday’s brief break below $80,000.
Altcoins outpaced the largest cryptocurrency, with ether ETH$2,401.28 adding 0.75% to near $2,430 and the CoinDesk 80 (CD80) gaining 0.9%, triple the 0.35% rise in the bitcoin-heavy CoinDesk 5 (CD5). DeFi led the CoinDesk benchmarks with a 0.81% gain, with all six members of the DFX sector index higher.
The rebound follows a rough week for U.S. tech. The Nasdaq fell 4.5% in its worst weekly decline since June as worries over AI spending and debt hit stocks such as CoreWeave (CRWV), which fell 25%. On Monday, Nasdaq 100 futures advanced more than 1% alongside gains in Asian stocks after China’s third-quarter GDP growth of 4.5% beat expectations and oil prices eased, with earnings from Meta Platforms META$702.01 and Tesla TSLA$369.29 due this week.
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Bitcoin rose 0.8% to around $82,700 as China’s GDP beat estimates and Nasdaq futures rebounded, while the CoinDesk 80 gained 1.3% and DeFi led gains.
Bitcoin BTC$81,961.08 is trading around $82,500, up around 0.5% since midnight UTC, extending a bounce from Sunday’s dip to roughly $80,700 and comfortably above Thursday’s brief break below $80,000.
Altcoins outpaced the largest cryptocurrency, with ether ETH$2,401.28 adding 0.75% to near $2,430 and the CoinDesk 80 (CD80) gaining 0.9%, triple the 0.35% rise in the bitcoin-heavy CoinDesk 5 (CD5). DeFi led the CoinDesk benchmarks with a 0.81% gain, with all six members of the DFX sector index higher.
The rebound follows a rough week for U.S. tech. The Nasdaq fell 4.5% in its worst weekly decline since June as worries over AI spending and debt hit stocks such as CoreWeave (CRWV), which fell 25%. On Monday, Nasdaq 100 futures advanced more than 1% alongside gains in Asian stocks after China’s third-quarter GDP growth of 4.5% beat expectations and oil prices eased, with earnings from Meta Platforms META$702.01 and Tesla TSLA$369.29 due this week.
$BR
$AGT
$XAU