Bitcoin Recovers Slightly but Stays Range-Bound Amid Tech Selloff
Market Talk reports bitcoin edged up in Asia as tech stocks fell, with ETF inflows cushioning losses ahead of the Fed decision and Alphabet and Amazon earnings.
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what happened
According to Market Talk, bitcoin recovered modestly in the morning Asian session even as the technology selloff continued. Cryptocurrencies fell earlier this week as worries about AI pushed investors away from riskier assets. Inflows into spot bitcoin ETFs, however, point to improving institutional demand that has helped soften the losses.
Kudo.com analyst Konstantinos Chrysikos says that resilient US data could strengthen expectations of Fed tightening, lifting yields and weighing on bitcoin. He adds that next week's Fed decision and earnings from Alphabet and Amazon could determine whether bitcoin breaks out of its recent range. At the time of reporting, bitcoin was up 0.7% at $81,758.
why it matters
The link between crypto and rate expectations matters for markets: strong US data pushes yields up and pressures risk assets. The tech selloff and rotation into Treasuries also set the tone across markets.
market impact
Bitcoin and crypto: sensitive to Fed rate expectations and ETF flows
tags
instruments
sources
- Bitcoin Claws Back Some Ground But Stays Range-Bound — Market Talk, 23 October 2026 at 03:39 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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