Bitcoin dipped to about $81,000 late Thursday and has since spent the day boxed in a range of less than $1,000, trading near $81,500 early Friday. After a week of $3,000 swings, it’s the calmest stretch bitcoin has had in days.
It’s down 0.4% over 24 hours and still sits below $82,500, the support it lost on Thursday.
Altcoins were mixed. BNB was the standout, up nearly 2% to about $745, and DOGE added about 1%. XMR gave back part of Thursday’s jump, falling 7% to about $607, and ZEC lost nearly 4% to about $1,200. HYPE, XRP, ether and SOL slipped about 1% or less, with ether just under $2,400, according to CoinDesk data.
Stocks found their footing too. Nasdaq 100 futures were little changed after the index’s worst day since June, and an ETF tracking chipmakers edged higher before the open. Meta kept falling, while SpaceX climbed on reports that it plans to become a wireless carrier.
Oil is the worry. Brent crude touched its highest level since early May, which complicates the inflation outlook heading into the Fed’s Oct. 27–28 meeting. Treasuries gave back some of Thursday’s haven rally, which had pushed the 10-year yield down by the most in more than a year. Gold and the dollar were flat.
