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Bitcoin buyers snap up a brief drop below $80,000 as Asian stocks rebound
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- DeepHorus
Bitcoin rebounded 1.3% to nearly $82,000 on Friday morning in Asia after briefly falling below $80,000. The cryptocurrency slid to about $79,800 on Thursday, breaking the roughly $80,400 low buyers had defended twice in the past week. It returned near $82,500 within two hours and held above $81,000 through Asian trading.
Asian equities also recovered, with MSCI’s Asia Pacific gauge climbing 1.3%. Roughly three shares rose for every one that fell, and South Korea’s Kospi jumped nearly 3% after closing at its lowest since April. Samsung Electronics and SK Hynix each gained more than 2%, while Taiwan Semiconductor Manufacturing slipped despite an upbeat outlook amid AI spending concerns.
In crypto, ZEC led major tokens with an 8% gain to about $1,190. SOL, ether, XRP and TRX each added about 1%, while BNB was little changed, according to CoinDesk data. The quick bounce suggested dip buyers remained active despite the brief break below $80,000.
Bonds handed back some of Thursday’s safety bid, with Treasuries falling across the curve. The 10-year yield rose one basis point to 5.07%. Traders now await Federal Reserve Chair Kevin Warsh, who speaks Friday at the IMF and World Bank meetings in Bangkok, two days after September inflation came in hotter than expected.
The broader crypto yield landscape remains in flux. Diversified real-world asset stablecoins sustain 5–7% yields from real credit as crypto funding compresses to about 4%. The GENIUS framework pushes yield off-chain, and the total addressable market is projected to reach $4 billion in three years.
Market participants are watching whether Bitcoin can break above $84,000, where Wednesday’s post-inflation spike stalled. A sustained move above that level would show the bounce has real buyers behind it, rather than a short-lived relief rally. For now, the recovery in Bitcoin and Asian chipmakers has eased immediate selling pressure.
