Bitcoin Rebounds as Japanese and South Korean Stocks Recover
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Bitcoin (BTC) climbed back after touching about $79,800 on Oct. 15, but weakening buying below $80,000 kept attention on its support range as Asian equity markets rebounded. BTC later approached $82,500, while the Bitcoin demand zone from $80,000 to $81,500 remained in focus. U.S. spot Bitcoin ETF holders’ average cost was about $81,500, near the top of that range. Spot Bitcoin ETFs recorded $5.06 million in net inflows, while spot Ether (ETH) ETFs had $60.22 million in net outflows. Shares of crypto-linked firms also rose: Circle gained 9.33%, Coinbase advanced 6.32%, Strategy added 5.62% and Robinhood climbed 2.88%. Asian shares recovered Friday after steep losses. Japan’s Nikkei 225 rose 1.39%, ending a six-session losing streak, but fell 5.37% for the week.
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