Bitcoin · U.S. Treasury · Ethereum · Decrypt
Bitcoin Hits Weekly High as Crypto Market Rebounds
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Bitcoin traders and hodlers are breathing this week after a pretty spooky start to the month with the historically best gains.
Key facts
- Ethereum climbed 2.5% to $2,504, Solana gained 2.2% to $108.18 and BNB rose 2% to $749
- Brent crude, the global oil benchmark, has swung between $97 and $112 a barrel this month and traded near $108 on Wednesday
- A stall below $84,726 would keep Bitcoin inside the roughly $79,700 to $87,400 range that has held since late September, which fits an ADX under 20
- Bitcoin traded near $84,500 on Wednesday, up 2.5% over 24 hours, as the crypto market bounced back from a mid-October slide that pushed it below $80,000
Summary
Bitcoin trades near $84,500, up 2.5% in 24 hours, as the crypto market cap rose 2.6% to $2.82 trillion; XRP gained 4.1% and Zcash 11.2%. Brent crude near $108 and a 5.09% 10-year Treasury yield drove October's selloff, and both eased slightly on Wednesday. Bitcoin technical indicators still suggest caution, but prediction markets lean optimistically bullish. Bitcoin traded near $84,500 on Wednesday, up 2.5% over 24 hours, as the crypto market bounced back from a mid-October slide that pushed it below $80,000.