In brief
- Bitcoin trades near $84,500, up 2.5% in 24 hours, as the crypto market cap rose 2.6% to $2.82 trillion; XRP gained 4.1% and Zcash 11.2%.
- Brent crude near $108 and a 5.09% 10-year Treasury yield drove October’s selloff, and both eased slightly on Wednesday.
- Bitcoin technical indicators still suggest caution, but prediction markets lean optimistically bullish.
Bitcoin traders and hodlers are breathing this week after a pretty spooky start to the month with the historically best gains.
Bitcoin traded near $84,500 on Wednesday, up 2.5% over 24 hours, as the crypto market bounced back from a mid-October slide that pushed it below $80,000. The total crypto market capitalization, the combined value of every coin, rose 2.2% to $2.9…
