Bitcoin · CoinDesk
Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%
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Bitcoin BTC $84,459.46 rose 0.5% to around $81,700 since midnight UTC, outpaced by altcoins.
Key facts
- Bitcoin BTC $84,459.46 rose 0.5% to around $81,700 since midnight UTC, outpaced by altcoins
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- The rebound follows Thursday’s tech-led selloff, during which the Nasdaq Composite index fell 2.6% in its steepest decline since June
Summary
Bitcoin rose 0.5% to around $81,700 since midnight UTC, recovering from a low of around $81,000, while Asian stocks steadied after Thursday’s tech sell-off. Altcoins moved faster, with the CoinDesk 80 gaining 1.4%, memecoins climbing 2.9% and frog-themed memecoin pepe jumping 13%. Traders are now looking to the Fed’s Oct. 27-28 meeting. The rebound follows Thursday’s tech-led selloff, during which the Nasdaq Composite index fell 2.6% in its steepest decline since June.