BBlogFlow

Stocks rebound into key tech earnings: Three things to know in Bitcoin this week

·1h ago
Source: Cointelegraph
Read the original article

This story deserves to be shared

Send it to someone who'd care, or post it on your networks.

Facebook Twitter Email

Bitcoin (BTC) starts the third week of October at $82,000 as crypto and stock markets begin a tentative rebound. Key points:South Korea’s KOSPI Composite Index gained nearly 1.8% on Monday after last week’s tech-driven losses. Markets have priced out two further interest-rate hikes by the Federal Reserve in 2026, seeing 75% odds of only one 25-basis-point hike by the end of the year. Bitcoin delivered a weekly close below key local support after the Coinbase Premium Index hit -0.14, its lowest level since late June. Asia leads equities bounce ahead of tech earningsA lighter week of US macro data prints will shift the market’s attention to corporate earnings as stocks rebound from last week’s sell-off. Some 15% of S&P 500 companies are due to report third-quarter earnings figures this week, including SpaceX on Tuesday and Tesla and Meta on Wednesday. Tech-stock performance remains in focus after a major drawdown last week that began with South Korean markets. The KOSPI Composite Index lost 2.8% on Oct. 12 before dropping to the week’s low of 5,455 on Thursday, bringing the week-to-date losses temporarily to 17%. KOSPI Composite Index one-day chart.

This article is an excerpt. To read the full content, visit the original source. Cointelegraph

Reactions

0 comments

No comments yet. Be the first to share your thoughts!

Facebook Twitter

Related articles