Bitcoin Edges Up as Dollar Weakens, Tech Recovers
By Joe Stonor
Bitcoin rose back above $82,000 as the weaker dollar and recovering risk sentiment helped support crypto assets.
The cryptocurrency rose 0.25% to $82,205 after falling as low as $79,770 on Thursday, when a sharp flight from artificial-intelligence stocks prompted a broader pullback from risk assets including crypto. Ether also recovered Friday, rising 0.3% to $2,457.
Bitcoin's move in tandem with AI stocks demonstrates crypto's vulnerability to broader financial market uncertainty, "particularly when investors reduce exposure to highly volatile assets," said Naeem Aslam, chief investment officer at Zaye Capital Markets.
Flows recovered later Thursday as investors moved to buy the dip. Bitcoin exchange-traded funds ended the session with net inflows of $5.1 million, according to crypto data platform CoinGlass. Flows were concentrated in BlackRock's bitcoin ETF, which drew $205.78 million, offsetting a pullback in other funds.
Crypto assets were helped by dimming expectations for a near-term Federal Reserve rate hike. Fed Chairman Kevin Warsh avoided sounding a clearly hawkish or dovish tone during a moderated conversation in Bangkok.
Looking ahead, "bitcoin's immediate outlook depends on whether declining Treasury yields and renewed institutional inflows can offset inflation-driven monetary tightening concerns," Zaye Capital Markets' Aslam said.
Write to Joe Stonor at josephmichael.stonor@wsj.com
(END) Dow Jones Newswires
October 16, 2026 05:20 ET (09:20 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Sell for Tax-Loss Harvesting
33 Undervalued Stocks to Buy Before the Market Shifts Again
Ask the Analyst: What Is the Best Source for Low-Risk Tax-Free Income?
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
United States