Bitcoin hovers around $83,000 as AI earnings revive tech, ZEC jumps 11%
Tech earnings revived risk appetite and lifted Bitcoin, while Zcash jumped 11% after developers set a mainnet activation block for its NU7 upgrade.
- Bitcoin rose 1.3% to just above $82,700 on Wednesday as strong earnings from SpaceX and Super Micro Computer revived the AI trade, sending tech stocks higher across Asia.
- Investors returned to riskier assets as crypto ETF activity accelerated, with U.S. spot Bitcoin ETFs drawing $527 million on Monday, their largest inflow since September 22.
- ZEC led major cryptocurrencies, jumping 11% to about $1,260 after developers set the mainnet activation height for NU7 at block 3,543,405, expected around November 5.
- Ethereum ETFs lost $128 million across Monday and Tuesday amid shifting sentiment, while Solana's Alpenglow upgrade went live to improve network speed.
- The Office of the Comptroller of the Currency finalized stablecoin rules today, effectively implementing the Genius Act that Washington passed last year, providing structural support to blockchain assets.
16 Articles
16 Articles
Bitcoin rallies back as tech rebound sparks speculative appetite
Bitcoin has surged by 2.4% to $84,737 amid increased enthusiasm for risk assets like technology stocks. This rally, driven partly by SpaceX earnings, reflects a broader revival in speculative trading. The Office of the Comptroller of the Currency has also announced supportive measures for payment stablecoin issuers. Additionally, indications show a rise in open interest for perpetual futures, after a period of deleveraging.
On October 21, 2026 Bitcoin reached a peak for a week near $ 83,500, while Asian technological titles were driving the rebounds of cryptocurrencies prices. Zcash and Near beat the biggest tokens and futures accelerated. Meanwhile, Elon Musk confirmed the discussions on a merger between SpaceX and [...]
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