Bitcoin recovers past $81,000 after falling below $80,000 for first time in a month
Bitcoin climbs back above $81,000 after monthly low
Bitcoin has recovered past $81,000 on October 15th, bouncing back after dipping below $80,000 for the first time in a month. The cryptocurrency was trading around $82,299 in early afternoon hours, up roughly 0.93%.
The recovery came after a rough start to the day. Stock markets, which had suffered heavy early losses, also turned positive, helped by sharply lower bond yields.
Key numbers
- Bitcoin price: approximately $82,299, up about 0.93%
- Bitcoin had fallen below $80,000 for the first time in one month
- Bitcoin had previously slipped below $83,000 following hotter-than-expected US inflation data
- CoreWeave stock narrowed its daily loss to 2.9%, though it remains down nearly 50% over the past six months
What Nvidia's CEO said about CoreWeave
Nvidia CEO Jensen Huang addressed concerns about CoreWeave at an event in Sweden, saying the company does not need Nvidia to backstop its finances. Huang stated that CoreWeave's cost of capital is "actually decreasing" and that its strength is improving every day.
Nvidia invested $2 billion in CoreWeave's common stock earlier this year. CoreWeave's data centers run almost entirely on Nvidia chips and hardware.
Why this matters
Bitcoin's move below $80,000 marked its lowest level in a month, driven in part by broader market pressure from an AI-related stock selloff and hotter-than-expected US inflation data. The bounce back above $81,000 shows some recovery, though investors remain sensitive to macroeconomic signals and tech sector volatility.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.