Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains

Bitcoin BTC$82,836.58 is trading around $82,500, up around 0.5% since midnight UTC, extending a bounce from Sunday’s dip to roughly $80,700 and comfortably above Thursday’s brief break below $80,000.

Altcoins outpaced the largest cryptocurrency, with ether ETH$2,418.12 adding 0.75% to near $2,430 and the CoinDesk 80 (CD80) gaining 0.9%, triple the 0.35% rise in the bitcoin-heavy CoinDesk 5 (CD5). DeFi led the CoinDesk benchmarks with a 0.81% gain, with all six members of the DFX sector index higher.

The rebound follows a rough week for U.S. tech. The Nasdaq fell 4.5% in its worst weekly decline since June as worries over AI spending and debt hit stocks such as CoreWeave (CRWV), which fell 25%. On Monday, Nasdaq 100 futures advanced more than 1% alongside gains in Asian stocks after China’s third-quarter GDP growth of 4.5% beat expectations and oil prices eased, with earnings from Meta Platforms META and Tesla TSLA due this week.