Bitcoin rebounds above $81,000 as Asian chip rally spills into crypto, pepe jumps 9%
BTC when published $81,372Now $80,363 ▼ −1.24% since it was published
Bitcoin BTC $80,690.83 rose around 0.8% since midnight UTC to $81,400 on Monday after dropping below $80,000 on Tuesday. The altcoin market also showed strength, with ether ETH $2,342.29 gaining 0.9% and the CoinDesk Memecoin Index advancing 1.3%. Asian chip stocks led a rebound in AI shares. South Korea’s Kospi index jumped 6.6% as SK Hynix surged around 11% after reporting a sevenfold jump in profit. Nasdaq-100 index futures gained 0.5%. The Federal Reserve is due to announce its decision on U.S. interest rates at 18:00 UTC, with CME’s FedWatch tool showing around a 92% chance of no change. Traders will be looking to Chair Kevin Wash’s press conference for clues on whether any increases are on the cards. U.S.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
