Bitcoin buyers snap up a brief drop below $80,000 as Asian stocks rebound
Summary
Bitcoin rose 1.3% to nearly $82,000 in Asian trading after briefly falling below $80,000, where buyers stepped in and drove a quick recovery. ZEC gained 8%, while SOL, ether, XRP and TRX rose about 1%; BNB was flat. Asian equities also rebounded, led by chip stocks in South Korea, while Taiwan Semiconductor slipped amid concerns about AI spending. Treasury yields edged higher as markets awaited remarks from Fed Chair Kevin Warsh. Bitcoin would need to reclaim $84,000 to signal stronger follow-through, according to the report.
