Bitcoin Bounces From Brief Drop Below $80,000

Bitcoin bounced back to $82,500 within two hours of dipping under $80,000 during Thursday's trading session, according to CoinDesk data. The slide cut through the roughly $80,400 low that buyers had defended twice over the previous week.

Following the brief drop, Bitcoin rebounded 1.3% to trade near $82,000 during Asian morning hours. Major cryptocurrencies also saw gains, with ZEC leading the sector with an 8% jump to about $1,190. Other major assets including SOL, ether, XRP, and TRX added approximately 1% each.

Stock Markets and Treasury Yields

Asian equities recovered alongside cryptocurrency prices. MSCI’s Asia Pacific equities gauge climbed 1.3%, with South Korea’s Kospi jumping nearly 3% after closing on Thursday at its lowest level since April. Samsung Electronics and SK Hynix both posted gains of over 2%.

In traditional fixed-income markets, Treasury yields rose across the curve. The 10-year yield increased by a basis point to 5.07% as bond investors relinquished some of the safe-haven gains secured on Thursday.

Key facts

• Bitcoin fell to approximately $79,800 before recovering to $82,500 within two hours.
• ZEC recorded an 8% gain to reach about $1,190.
• MSCI's Asia Pacific equities gauge climbed 1.3%.
• The 10-year Treasury yield rose one basis point to 5.07%.