Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI

← Back to NewsDesk

AI summary of a third-party reportNeutralNewsDesk

Bitcoin recovers to near $82,000 as yen rally fades and oil holds near $100

Bitcoin pared overnight losses during Asian trading on Friday, recovering to almost $82,000 as the yen gave up early gains, though oil near $100 and weak spot ETF demand kept risk appetite in check.

Why it matters: CoinDesk reports that oil near $100 and continued spot Bitcoin ETF outflows could limit any broader recovery in risk assets, keeping inflation concerns in view for crypto traders.

InvestIn.News NewsDesk · 1 min read
Share
Picture from CoinDesk for: Bitcoin recovers to near $82,000 as yen rally fades and oil holds near $100
Image: CoinDesk
Original reporting: Omkar Godbole, CoinDesk

Key points

  • Bitcoin climbed back to nearly $82,000 after falling below $81,000 overnight, and was testing its 50-day moving average.
  • Crypto futures worth $435m were liquidated in 24 hours, including $385m in long positions, CoinDesk reported.
  • US spot Bitcoin ETFs recorded $381m of outflows on Thursday, according to preliminary SoSoValue data.

Bitcoin recovered to almost $82,000 in Asian trading on Friday, trimming losses made overnight when it slipped below $81,000, CoinDesk reported. The largest cryptocurrency was testing its 50-day simple moving average, a gauge of near-term momentum, while ether, XRP, solana and dogecoin moved in a similar way.

The rebound came as the Japanese yen surrendered early gains and Asian equities and Nasdaq futures turned higher. The yen had climbed to 156.07 per US dollar, its strongest since 18 September, after Japanese inflation came in hotter than expected and reinforced bets on further Bank of Japan rate rises. It then fell back towards 157.

Japan's Nikkei and South Korea's Kospi recovered from session lows, and Nasdaq futures gained 0.17% to 29,190.

Leverage was tilted towards bullish bets: $435m of crypto futures positions were liquidated over 24 hours, $385m of them longs. Oil remained near $100 a barrel even after US President Donald Trump invoked a Cold War-era law to lift fuel production, and US spot Bitcoin ETFs lost $381m on Thursday, preliminary SoSoValue data showed. CoinDesk said both could cap a wider rally in risk assets.

Read the full story on CoinDesk

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

← Back to NewsDesk