Bitcoin staged a rapid recovery after dipping below $80,000, climbing to approximately $82,500 within two hours as buyers entered the market. South Korean semiconductor shares also rebounded after recording their sharpest closing losses since April.
During Friday’s Asian session, Bitcoin gained 1.3% to trade near $82,000, recovering from Thursday’s brief decline beneath the $80,000 mark. The rebound coincided with a recovery across Asian equity markets following the previous session’s heavy selling.
Zcash (ZEC) led gains among major cryptocurrencies, jumping 8% to around $1,190. Solana, Ether, XRP and Tron each rose approximately 1%, while BNB traded largely unchanged, according to CoinDesk data.
Bitcoin spent only about two hours below $80,000. During Thursday’s sell-off, the price fell to roughly $79,800, breaking beneath the $80,400 support level that buyers had defended twice in the preceding week. Buyers once again stepped in near the lows, pushing BTC back toward $82,500 within two hours. The cryptocurrency then held above $81,000 throughout Asian trading.
Asian stocks also recovered as investors bought shares following Thursday’s decline. MSCI’s Asia-Pacific equity gauge rose 1.3%, with approximately three stocks advancing for every stock that fell. Samsung Electronics and SK Hynix both climbed more than 2%, while South Korea’s Kospi jumped nearly 3% after closing at its weakest level since April on Thursday.
Taiwan Semiconductor Manufacturing Company was an exception, with its shares falling despite the company’s upbeat outlook. Persistent concerns over the amount of capital being committed to artificial intelligence infrastructure continued to weigh on sentiment.
Government bonds lost some of their gains from Thursday’s move toward safer investments. U.S. Treasury prices declined across the yield curve, pushing the 10-year Treasury yield up one basis point to 5.07%.
Investors are now awaiting remarks from Federal Reserve Chair Kevin Warsh, who is scheduled to speak at the IMF and World Bank meetings in Bangkok on Friday. His appearance comes two days after September’s inflation figures exceeded expectations, renewing uncertainty about the outlook for U.S. monetary policy.
For Bitcoin, the $84,000 level remains an important hurdle. Wednesday’s rally following the inflation report lost momentum around that price. A sustained move above $84,000 would offer a stronger indication that the latest rebound is supported by continuing buying demand.
