Bitcoin rebounds to $83,400 as stocks recover from Korea tech sell-off
Bitcoin rose 1.03% to $83,369 after dipping near $81,000, as US stocks shrugged off a Korea tech rout and traders looked to Wednesday's CPI data.
Live chart · BTCUSD, ETHUSD, SOLUSDT, ADAUSDT · TradingView
Bitcoin recovered to $83,369, up 1.03% over 24 hours, after a dip toward $81,000 drew in buyers. Cointelegraph reports that the coin held its overnight gains as US stocks rebounded quickly after opening lower on a South Korean tech-stock rout.
That is a turn from our previous recap, when Bitcoin was near $82,600 and down on the day. Altcoins have not followed as clearly.
Bitcoin
According to CoinGecko data, Bitcoin traded in a 24-hour range of $81,018 to $84,074. It is still down 3.77% over seven days. Volume over 24 hours was $32.3 billion. Decrypt reports that Bitcoin dipped below $81,000 before buyers stepped in, but that the Fear and Greed Index shows traders are not yet convinced.
CoinDesk notes that Bitcoin diverged from South Korean stocks, where chipmakers led another sharp selloff on concerns over AI spending and Chinese competition. Bitcoin held well above its summer lows, the outlet says. Chart: BTC/USD on TradingView.
Ether and the majors
Most large caps were flat to lower on the day, and all are down sharply over the week. Cardano and Dogecoin show the deepest seven-day losses.
| Coin | Price (USD) | 24h % | 7d % |
|---|---|---|---|
| Ether | 2,513.18 | -0.13 | -7.71 |
| BNB | 744.50 | 0.01 | -5.48 |
| XRP | 1.37 | 0.54 | -10.22 |
| Solana | 107.63 | -0.58 | -12.15 |
| Dogecoin | 0.0845 | 0.00 | -12.73 |
| Cardano | 0.2358 | -2.28 | -15.28 |
Ether moved between $2,411.24 and $2,535.36. CoinDesk reports that Bitcoin and Ether slipped and rebounded alongside the Korean selloff. Chart: ETH/USD on TradingView.
Breadth and sentiment
CoinGecko puts total crypto market value at $2.821 trillion, down 2.6% over 24 hours, even as Bitcoin rose. Bitcoin dominance stands at 59.2% and Ether dominance at 10.9%.
The Alternative.me Fear & Greed Index reads 57 (Greed), down from 69 a day earlier and from 73 on October 6. The gauge has stayed in Greed all week but has drifted lower.
News drivers
Ledger tampering case widens
Decrypt reports that Ledger found an LTE implant that read the 24-word recovery phrase off the screen during setup, in a suspected $86 million drain. Cointelegraph says European retailer MediaMarkt pulled Ledger products. Rival Trezor will end reseller authorizations on January 1, 2027, according to Decrypt.
Regulation and banks
- Russia's Sberbank secured approval to trade crypto and plans to open trading to all clients on December 1, CoinDesk reports.
- South Korea blocked 27 unregistered exchanges, including Bitmart and Kucoin, per CoinDesk.
- A UK High Court judge ruled that Chinese law should govern fraud victims' claims to 61,000 BTC seized from Zhimin Qian, Decrypt reports.
Corporate treasuries
Strive now holds 32,773 BTC after $208 million in warrant exercises, making it the fifth-largest public corporate holder, Cointelegraph reports. Metaplanet plans $329 million in zero-interest convertible bonds to pay debt and fund buybacks, per Cointelegraph.
On the macro side, our sister site covers how the dollar slipped from an 18-month high in Asia.
What to watch next
- US September CPI on Wednesday. CoinDesk reports that economists expect a sizable rise in the headline number but a softer core rate.
- US bank earnings today, which CoinDesk says investors are positioning for.
- ENS DAO vote on activating its upgraded Ethereum naming system, per Cointelegraph.
- Sberbank's December 1 launch and Trezor's January 1, 2027 reseller cutoff.
How we make this article: software gathers the market data and the news from the sources linked in the article, then cross-checks them. AI writes the text. People choose the sources, set the rules and run the process. Not investment advice.