Bitcoin quickly recovered after briefly falling below $80,000, climbing back to around $82,500 within two hours as buyers stepped in. South Korean semiconductor stocks also rebounded after suffering their steepest closing losses since April.
Bitcoin rose 1.3% to nearly $82,000 during Friday’s Asian trading session after investors bought the dip below the $80,000 threshold. The recovery came alongside a broader rebound in Asian technology stocks following Thursday’s sell-off.
Among major cryptocurrencies, Zcash (ZEC) posted the strongest performance, gaining 8% to approximately $1,190. Solana, Ether, XRP and Tron each advanced by roughly 1%, while BNB remained relatively flat, according to CoinDesk data.
Bitcoin’s decline below $80,000 lasted only around two hours. During Thursday’s sell-off, BTC dropped to approximately $79,800, breaking through the $80,400 level that buyers had successfully defended twice over the previous week. Buyers returned near the lows, pushing Bitcoin back toward $82,500 within two hours. The cryptocurrency subsequently remained above $81,000 throughout the Asian session.
Stock markets experienced a similar recovery as investors took advantage of lower prices. MSCI’s Asia-Pacific equity index advanced 1.3%, with roughly three stocks rising for every one that declined. Samsung Electronics and SK Hynix both gained more than 2%, while South Korea’s Kospi climbed nearly 3% after closing at its lowest level since April on Thursday.
Taiwan Semiconductor Manufacturing Company was an exception, with its shares declining despite a positive business outlook. Ongoing concerns about the scale and sustainability of artificial intelligence spending continued to weigh on investor sentiment.
Bond markets also gave back some of the gains recorded during Thursday’s flight to safer assets. U.S. Treasury prices declined across maturities, lifting the 10-year yield by one basis point to 5.07%.
Market participants are now focusing on Federal Reserve Chair Kevin Warsh, who is scheduled to speak at the IMF and World Bank meetings in Bangkok on Friday. His remarks come two days after September’s inflation figures exceeded expectations, raising fresh questions about the outlook for U.S. monetary policy.
For Bitcoin, the next important level is $84,000, where Wednesday’s post-inflation rally lost momentum. A sustained move above that threshold would provide stronger evidence that the latest rebound has enough buying support to continue.
