Bitcoin traded just below $82,800 on Thursday morning in Asia, giving up a nighttime surge to nearly $85,000. Mixed results from Tesla and Meta pulled Nasdaq futures down and revived doubts about AI trading.
The breakout was short-lived. On Wednesday evening, BTC broke through the $84,000 ceiling—a level that turned it around on October 13 and 14—and reached nearly $84,800. In about six hours, it lost more than $2,000 and fell to $82,600: an unpleasant night for those who chased the move. Bitcoin now stands at $82,500—a level that, according to some analysts, could pave the way to $70,000 if breached confidently.
Big tech didn't help. Tesla fell 3% after hours, lowering its capital expenditure forecast, and chip equipment maker Lam Research lost 7% on a weak outlook. Meta rose 2% after raising AI spending plans, but it wasn't enough to lift sentiment. Nasdaq 100 futures fell 1.1%, and S&P 500 futures were down 0.5%.
Asia took the hit hard: South Korea's Kospi lost 2.2% amid retreats by Samsung Electronics and SK Hynix, and China's CSI 300 fell 1.7%, approaching a bear market. Alibaba led Chinese e-commerce stocks down after authorities called for stricter quality control.
Among major cryptocurrencies, only Zcash stood out—nearly +3% to about $1,290; XRP added less than 1%. HYPE was the underperformer: −3% to around $79. Dogecoin lost 2%, Solana about 1%, and Ethereum, BNB, and TRX fell by less than 1%, according to CoinDesk.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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