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Bitcoin recovers to $82k but set for second week in red

Bitcoin recovers to $82k but set for second week in red

Investing.com– Bitcoin rose on Friday, recovering a small measure of recent losses as a drop in U.S. Treasury yields and oil prices aided risk-driven assets.

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But the world’s largest crypto was still headed for a second straight week of losses, as a historical trend of strength in October– dubbed “uptober”– failed to materialize amid a storm of negative factors.

Bitcoin rose 1.9% to $82,130.1 by 01:48 ET (05:48 GMT). It had briefly dropped below $80,000 in the prior session, before being lifted by some bargain hunting.

Broader crypto…

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