Bitcoin rebounds above $81,000 as Asian chip rally spills into crypto, pepe jumps 9%
Bitcoin rose above $81,400 as Asian chip stocks rallied, with frog-themed memecoin pepe adding 9%.
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Bitcoin rose above $81,400 as Asian chip stocks rallied, with frog-themed memecoin pepe adding 9%.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only CoinDesk index to gain, with the Fed due to decide on Wednesday.
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
Bitcoin as much as 2.9% to around $81,600 as Nasdaq futures dropped, while the CoinDesk 80 lost 3.5% and DeFi index slid 6%.
Bitcoin rose to a one-week high as Asian tech stocks rebounded and SpaceX and Tesla formed committees to explore a merger.
Bitcoin slipped 0.5% to around $81,400 even after the biggest daily spot ETF inflow in nearly a month as South Korea's Kospi index fell 3.7% on AI worries.
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.
Celestia jumped 16%, injective rose 7.7% and layerzero added 7.3% while bitcoin held little changed near $82,100 and Fed Chair Warsh gave no sign on interest rates.
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
Bitcoin briefly reached $84,000 before easing back, while the CoinDesk 80 fell 0.6% since midnight as traders waited for U.S. inflation data.
Investors are positioning ahead of today's bank earnings reports and Wednesday’s U.S. inflation data.
The CoinDesk 80 has risen around 3% in 24 hours, more than double the CoinDesk 5, while spot bitcoin ETFs lost $681 million last week.
Spot bitcoin ETFs saw back-to-back outflows for the first time since late July as the largest cryptocurrency wiped out last week's gains and altcoins struggled to find direction.