Bitcoin Rebounds to $83,000 as Crypto Markets Weather Ledger Theft Reports
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- DOGE: $0.08633 (↑1.66%)
- TRX: $0.3306 (↑0.43%)
- LINK: $12.83 (↑0.06%)
- ZEC: $1,219.29 (↑0.04%)
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- XMR: $516.81 (↑3.78%)
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- XLM: $0.1958 (↑0.75%)
- SOL: $109.81 (↑0.32%)
- HYPE: $83.93 (↑1.47%)
Written by: William Suberg, staff writer Edited by: Sam Bourgi, staff writer
Bitcoin consolidates near $82.5K as crypto weathers Ledger theft reports
Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested reports of an exploit affecting Ledger hardware wallets.
Key points:
- Bitcoin rebounded from local lows of $80,350 to reclaim $83,000 at the Wall Street open.
- Crypto markets avoided significant selling pressure following reports of funds being stolen from Ledger hardware wallet users.
- BTC/USD continued to trade around $82,500 as traders looked ahead to the weekly close.
BTC price rebounds to $83,000 despite Ledger theft reports
Data from TradingView showed BTC/USD hovering around the key $82,500 support level on Friday. The BTC/USD one-hour chart displayed a fresh buyer interest after dropping to $80,350 on Thursday.
US stocks opened higher on Friday, with technology shares rebounding from selling earlier in the week. This included the tech-heavy Nasdaq Composite Index, which had come under pressure following weaker-than-expected earnings projections from OpenAI.
Crypto hardware wallets have faced increased security scrutiny in recent months. This comes after manufacturer Coldcard suffered a multi-phase hack in July and August.
BTC traders were increasingly focused on the upcoming weekly candle close. As Cointelegraph reported, $82,500 remains a key level for bulls to reclaim, having served as support since mid-September.
Related:
- Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins