Bitcoin bounces back toward $82,000 after a two-hour dip below $80,000

Bitcoin's slip below $80,000 lasted only about two hours: after touching roughly $79,800 on Thursday, it climbed back near $82,500 and was up about 1.3% near $82,000 during Friday's Asian session, CoinDesk reported.

What moved

• Bitcoin: the drop cut through the ~$80,400 level that buyers had defended twice in the past week — and that is where demand reappeared. BTC then held above $81,000 through Asian hours.
• Altcoins: Zcash (ZEC) led the majors with a jump of about 8% to roughly $1,190. SOL, ether, XRP and TRX each added around 1%, while BNB was flat, according to CoinDesk data.

The live prices in the snapshot above are refreshed every time the site is rebuilt.

Stocks and bonds

Risk appetite recovered outside crypto too. MSCI's Asia-Pacific equity gauge gained 1.3%, with roughly three stocks rising for every one falling. Samsung Electronics and SK Hynix each rose more than 2%, and South Korea's Kospi jumped nearly 3% after Thursday's lowest close since April. TSMC was the exception, slipping despite an upbeat outlook as worries about AI spending lingered.

Treasuries gave back some of Thursday's safe-haven bid, nudging the 10-year yield up one basis point to 5.07%.

What traders are watching

The next macro test is Federal Reserve Chair Kevin Warsh, who speaks at the IMF and World Bank meetings in Bangkok on Friday — two days after September U.S. inflation came in hotter than expected. CoinDesk notes that a move back above $84,000, where Wednesday's post-CPI spike faded, would be the sign that this bounce has real buyers behind it.

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