CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains

CoinDesk logo

Published on

Add as a preferred source on Google
Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains

Bitcoin BTC$82,553.59 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$2,422.46 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 and Tesla TSLA due this week.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.