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Bitcoin buyers snap up brief drop below $80,000 to rebound to $82,500, as Asian stocks rebound
Bitcoin rebounded to nearly $82,500 within two hours after briefly dipping below $80,000 in Friday Asian morning hours. Concurrently, Asian chip stocks recovered from Thursday's rout, with South Korea's Kospi jumping nearly 3% and the MSCI Asia Pacific equities gauge climbing 1.3%. Samsung Electronics and SK Hynix both gained over 2%.
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24H Trending
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CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
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The KOSPI plunged 7.57% to close at 5554.22 points, triggering circuit breakers. Foreign investors net sold $3.6 billion in a single day.
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AI supply chain credit cracks spark market concerns, 10-year US Treasury yield falls to 5.09%, a three-week low.
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TSMC's Q4 revenue guidance exceeded expectations by 6% to $53.3 billion, with a full-year growth forecast raised to 44%, and consideration for further expansion in the US.
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The KOSPI fell 7.57% on Thursday, closing at 5,554.22 points.
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The Office of the Comptroller of the Currency (OCC) investigation found that nine large banks restricted crypto accounts, but new rules will limit regulators from pressuring banks citing "reputational risk."
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Hyperliquid founder Yan seeks US regulatory clarity to shield its blockchain from direct exchange oversight.
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Ukraine to resume strikes on Russian refineries after 'energy ceasefire' collapses
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Russian nuclear-powered submarines test-fired cruise missiles in Pacific exercises, hitting targets 1,200 kilometers away.
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Fed's Hammack: Financial conditions do not appear restrictive right now
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