Bitcoin (BTC) price recovers to $81,700 as memecoins lead altcoin rebound
Summary
Bitcoin rose 0.5% to around $81,700, while ether gained 0.9% and the CoinDesk 80 altcoin index rose 0.7%; memecoins climbed 2.9%. The rebound came after a tech-led selloff sent the Nasdaq down 2.6% on Thursday. Asian markets were mixed to higher. Traders are watching the Federal Reserve’s Oct. 27–28 meeting amid inflation concerns, with Brent crude near $113, and ETF flows. U.S. spot bitcoin ETFs recorded $635 million in outflows Thursday, after attracting more than $1 billion over the week’s first three days.
