Bitcoin traded near $81,500 early Friday after dipping to about $81,000 late Thursday, with its daily range narrowing after a volatile week. It remained down 0.4% over 24 hours and below the $82,500 support lost Thursday. Altcoin performance was mixed, while Nasdaq 100 futures were little changed. Brent reached its highest level since early May, which CoinDesk described as complicating the inflation outlook before the Fed’s Oct. 27–28 meeting. Treasuries surrendered some haven gains; gold and the dollar were flat.
CoinDesk frames the session as a calmer stretch for bitcoin and steadier equity futures, while emphasizing higher oil prices as a complication for the inflation outlook ahead of the Fed’s Oct. 27–28 meeting.
CoinDeskBitcoin dipped to about $81,000 late Thursday and traded near $81,500 early Friday within a range of less than $1,000, following a week of $3,000 swings.
CoinDeskBitcoin was down 0.4% over 24 hours and remained below the $82,500 support it lost Thursday.
CoinDeskAltcoins were mixed: BNB rose nearly 2% to about $745, DOGE added about 1%, XMR fell 7% to about $607, and ZEC lost nearly 4% to about $1,200.
CoinDeskHYPE, XRP, ether and SOL slipped about 1% or less, with ether just under $2,400, according to CoinDesk data.
CoinDeskNasdaq 100 futures were little changed after the index’s worst day since June; an unnamed chipmaker ETF edged higher before the open, Meta kept falling, and SpaceX climbed on reports of plans to become a wireless carrier.
CoinDeskBrent crude touched its highest level since early May; CoinDesk characterized higher oil prices as complicating the inflation outlook before the Fed’s Oct. 27–28 meeting.
CoinDeskTreasuries gave back some of Thursday’s haven rally, which had pushed the 10-year yield down by the most in more than a year; the article supplies no yield or change magnitude.
CoinDeskGold and the dollar were flat; the article supplies no price, dollar measure or precise observation time.
CoinDeskLimitation: Bitcoin remained down 0.4% over 24 hours and below the $82,500 support lost Thursday, while altcoin performance remained mixed.
CoinDeskNo ideas are linked to this story yet.