Bitcoin holds near $82,000 as equities rebound

Briefing by News4U · First published

Bitcoin traded below $82,000 after failing to break $83,000 resistance, while stocks rose and bond yields climbed.

Bitcoin rose 0.8% to around $82,700 after China’s GDP beat estimates and Nasdaq futures rebounded, but price action stalled at a sell wall near $83,000. [1] [3]

US 10-year and 30-year bond yields reached 5.13% and 5.46% respectively as equities rallied, with the Nasdaq Composite up 1.5% and South Korea’s KOSPI gaining 1.76%. [3]

Strive continued adding large amounts of BTC to its treasury, while Strategy acquired only a small amount; 24-hour crypto liquidations totaled $335 million. [2] [3]

Sources

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

    CoinDesk · · Summary only

  2. Live updates: Bitcoin holds near $82,000 as Nasdaq rebounds more than 1%

    CoinDesk · · Summary only

  3. Bitcoin is rejected at $83K as US bond yields reverse higher with equities

    Cointelegraph · · Full text

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